Private Equity | Europe

Starwood Capital to launch public takeover offer for CA Immo

SOF-11 Klimt CAI S.à r.l., Luxembourg (BidCo), a controlled affiliate of Starwood Capital Group (Starwood Capital), has announced its intention to launch a public takeover offer for CA Immobilien Anlagen AG (CA Immo), a real estate company with its headquarters in Vienna and branch offices in seven countries of Central Europe.

Ειρήνη Θεοφανίδου

12.01.2021

The shareholders of the company are offered a consideration of EUR 34.44 per CA Immo share on a cum dividend basis (share offer price).

BidCo has been the largest shareholder in CA Immobilien Anlagen AG (CA Immo) since the acquisition of an initial 26% ownership stake in 2018. Since then, BidCo has purchased further shares in the company and as of 8 January 2021 holds 27,908,386 ordinary non-par value bearer shares plus 4 registered shares, together representing 29.999893% of the total outstanding voting rights.

BidCo intends to further increase its shareholding.

”Pursuant to its obligations under the Austrian Takeover Act, BidCo will launch an anticipatory mandatory takeover offer for all of CA Immo’s shares and convertible bonds (Convertible Bond 2017) that are not held by BidCo (the Offer),” said Starwood Capital in a statement.

The shareholders of the company are offered a consideration of EUR 34.44 per CA Immo share on a cum dividend basis (share offer price).