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Announced

Starwood to acquire a 70.41% stake in RDI REIT for $460m.

Financials

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Transaction Value£329m
Consideration TypeCash
Capital Owned30%
Capital Bid For70%
EV/Sales-
EV/EBITDA-
Share Price Premium33%
One Off Charge-

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Cross Border

Single Bidder

Majority

Commercial REITs

real estate investment trust

United Kingdom

Private Equity

Pending

Acquisition

Friendly

Public

Synopsis

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Starwood Capital Group, a private equity firm, offered to acquire a 70.41% stake in RDI REIT, a property investment business, for $460m. "We are pleased to announce this Acquisition, which we believe represents an attractive opportunity for investors to realise liquidity and a significant premium to the three month volume weighted average price of 87.2 pence per RDI REIT Share. We look forward to supporting RDI REIT and its management team going forward," Krysto Nikolic, Starwood Managing Director.

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