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New Deal


Announced

Optima Investment to acquire a 61.49% stake in Globe Trade Center from Lone Star Funds for 1.5bn.

Financials

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Transaction Value£1,215m
Consideration TypeCash
Capital Owned-
Capital Bid For61%
EV/Sales13.8x
EV/EBITDA18.3x
Share Price Premium143%
One Off Charge-

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Public

Pending

Friendly

Private Equity

Single Bidder

Acquisition

Majority

Cross Border

Real Estate Holding and Development

real estate developer

Poland

Synopsis

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Optima Investment, a Hungarian long-term real estate investor, agreed to acquire a 61.49% in Globe Trade Center, a real estate investor and developer in the Central and Eastern European region, from Lone Star Funds, an American private equity firm, for $1.5bn. Financial terms were not disclosed. At the close of the transaction (which requires regulatory approvals), Optima will acquire assets that, due to their key location and development potential, are expected to provide a safe long-term strategic investment opportunity.

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