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New Deal


Announced

Completed

CPI Property Group and Aroundtown completed the acquisition of the remaining shares in Globalworth Real Estate Investments for $922m.

Financials

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Transaction Value£671m
Consideration TypeCash
Capital Owned51%
Capital Bid For49%
EV/Sales7.1x
EV/EBITDA83.71x
Share Price Premium19.5%
One Off Charge-

Synopsis

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CPI Property Group, an owner of commercial real estate, and Aroundtown, a publicly listed real estate company, completed the acquisition of the remaining shares in Globalworth Real Estate Investments, a real estate company with a primary focus on Poland and Romania, for $922m. "CPI and Aroundtown are both highly experienced, strong and stable owners of European real estate. Working together as partners will allow us to maximize long-term value while maintaining Globalworth's strong investment grade capital structure and excellent teams in Romania and Poland," David Greenbaum, CPI CFI.

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