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New Deal


Announced

CK Asset to acquire Civitas Social Housing for £485m.

Financials

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Transaction Value£485m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium44.4%
One Off Charge-

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Cross Border

Public

Pending

Single Bidder

Acquisition

Residential REITs

Friendly

United Kingdom

real estate investment trust

Majority

Synopsis

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CK Asset, a long-term real asset investor, agreed to acquire Civitas Social Housing, a real estate investment trust, for £485m ($613m). “The group believes that the target’s position as one of the leading social housing providers in the UK and its social impact and earnings profile are complementary to its investment criteria, and make for a suitable strategic fit,” CK Asset.

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