Strategic Capital to acquire a 20% stake in Keihanshin Buildings for $187.2m.

Financials

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Transaction Value£138m

Consideration TypeCash

Capital Owned10%

Capital Bid For20%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

bidder

Strategic Capital

target

Keihanshin Building

Sources

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Press Release

Strategic Capital - 4 Nov 2020

Tags

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business property

Acquisition

Single Bidder

Tender Offer

Real Estate Services

Pending

Domestic

Public

Hostile

Japan

Minority

Private Equity

Synopsis

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Strategic Capital, an activist fund, offered to acquire a 20% stake in Keihanshin Buildings, a property developer in Japan, for $187.2m. On December 17, 2020, Strategic Capital extended its hostile bid without sweetening the offer.