An affiliate of U.S. private equity firm Starwood Capital Group (SOF-11 Starlight 10 EUR) announced the launch of a voluntary partial public takeover offer for approximately 26% of CA Immo and 5% of Immofinanz shares.
“We believe that the substantial capital resources and experience we can contribute as a strategic shareholder of CA Immo and Immofinanz could provide significant value,” Starwood said in a statement, adding that it supports both companies’ management teams.
In a statement Immofinanz said that it takes notice of the announcement of the partial takeover offers. The management board will review this announcement and may issue a statement to the intended partial takeover offers within a short timeframe.
According to CA Immo’s statement it is not the intention of the bidder to completely take over CA Immo with this takeover offer. Upon completion of the takeover offer, CA Immo shall remain listed on the Vienna Stock Exchange.
UBS acts as financial advisor to the Bidder. Schönherr Rechtsanwälte GmbH is the Bidder’s Austrian legal advisor and representative and authorized recipient vis à vis the Takeover Commission (Übernahmekommission).
