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New Deal


Announced

Aareal Bank to acquire the remaining stake in Aareal Bank from Atlantic for €200m.

Financials

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Transaction Value£172m
Consideration TypeCash
Capital Owned-
Capital Bid For90%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Germany

property management

real estate financing

Real Estate Services

Cross Border

Acquisition

Pending

Friendly

Single Bidder

Tender Offer

Majority

Privatisation

Public

Synopsis

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Aareal Bank, a company that offers structured real estate financing, property management, and information technology consulting services for the real estate industry, agreed to acquire the remaining stake in Aareal Bank from Atlantic, a non-controlled company indirectly held by funds which are respectively advised, for €200m. In accordance with the provisions of the Delisting Agreement, Atlantic BidCo GmbH will today publish its decision to make a public delisting offer against a cash consideration to the shareholders of Aareal to acquire all shares in Aareal not already directly held by the Bidder against payment of a cash consideration in the amount of €33.20 per Aareal share. This amount is, subject to the determination by the German Federal Financial Supervisory Authority and the final determination in the Offer Document, slightly above the minimum price estimated pursuant to sec. 39 of the German Stock Exchange Act (Börsengesetz).

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