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New Deal


Announced

Corem Property Group to acquire Klövern for $826m.

Financials

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Transaction Value£599m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium28.1%
One Off Charge-

Tags

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Single Bidder

Pending

Majority

Public

Domestic

Friendly

Acquisition

Real Estate Holding and Development

United States

property developer

Synopsis

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Corem Property Group, a Sweden-based company engaged in the acquisition, management, development and renewal of industrial, storage, logistical and commercial real estate offered to acquire Klövern, a real estate company, for $826m. "By combining Corem’s strong logistics property portfolio with Klövern’s concentration of office properties, we are creating one of the Nordic region’s largest real estate companies with a broadened product and customer offering," Patrik Essehorn, Corem Chairman of the Board.

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