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New Deal


Announced

F. Holmström Fastigheter and Areim to acquire 43,63% stake in Magnolia Bostad for $339m.

Financials

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Transaction Value£106m
Consideration TypeCash
Capital Owned-
Capital Bid For44%
EV/Sales2x
EV/EBITDA5x
Share Price Premium-
One Off Charge-

Tags

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Real Estate Holding and Development

Acquisition

real estate services

Domestic

Private

Single Bidder

Sweden

Friendly

Pending

Majority

Synopsis

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Real estate services companies F. Holmström Fastigheter and Areim agreed to acquire 43,63% stake in Magnolia Bostad, a housing developer, for $339m. "FHH currently has no intentions regarding the Company's or FHH's employees and management and assesses that the realization of its current intentions or the plans stated above in respect of Magnolia Bostad's operations will not have any significant effects on employees and management, including the terms of employment, in the merged group, or the places in which Magnolia Bostad conducts business. Thus, there are no concrete plans that could have such significant effects as just mentioned," F. Holmström Fastigheter.

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