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New Deal


Announced

Completed

Oaktree and ECE completed the acquisition of Deutsche EuroShop for €2.9bn.

Financials

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Transaction Value£2,450m
Consideration TypeCash, Special Dividend
Capital Owned-
Capital Bid For100%
EV/Sales11.3x
EV/EBITDA13.36x
Share Price Premium44%
One Off Charge-

Tags

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real estate investment firm

Majority

Cross Border

Tender Offer

Public

Acquisition

Real Estate Services

Private Equity

Friendly

Germany

Completed

Single Bidder

Synopsis

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Oaktree, an investment firm, and ECE, a fund management company, completed the acquisition of Deutsche EuroShop, a German real estate investment firm, for €2.9bn ($3.06bn). Oaktree and ECE submit a voluntary public takeover offer for all outstanding shares of the company for $22.69 per share in cash. In addition, the shareholders of the company who accept the offer will receive the amount of the dividend to be paid for the financial year 2021 of probably $1.05 per share. The offer corresponds to a premium of 44%.

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