On Monday, February 22, 2021, Starwood Capital Group submitted the offer document for an anticipated mandatory offer for all shares and convertible bonds of CA Immo that are not held by the Bidder or by CA Immo itself (“Offer"), released. During the acceptance period, which ended on April 9, 2021, 2.413.980 CA Immo shares and 811 CA Immo convertible bonds with a total nominal value of EUR 81.100.000 were included in the offer.
During the statutory grace period, which ended on July 14, 2021, a further 25.730.695 CA Immo shares were included in the offer. After the settlement of these additional share purchases, the Bidder will hold a total of 59.176.155 CA Immo Shares. This corresponds to 58,8% of the total outstanding voting rights in CA Immo.
Barry Sternlicht, Chairman and CEO of Starwood Capital Group: “This transaction reflects our continued confidence in the positive fundamentals of important German, Austrian and Central European office markets. We are pleased to become the majority owner of a company that we have already supported as a core shareholder for the past three years. We look forward to further cooperation with the Supervisory Board and the management team of CA Immo in order to implement the company's long-term strategic goals. "
Settlement takes place in accordance with point 5 of the offer document. The share offer price of EUR 37,00 per CA Immo share as well as the additional payment to those equity holders who have accepted the offer within the acceptance period will be paid out via the respective custodian bank of the equity holder no later than July 28, 2021.
About the Starwood Capital Group
Starwood Capital Group is a private investment company with a global focus on real estate, energy, infrastructure, oil and natural gas. The company and its subsidiaries employ around 4.100 people at 16 locations in seven countries. Starwood Capital Group has raised more than $ 1991 billion in equity since its inception in 55 and currently manages over $ 70 billion in assets. The company has invested in practically all real estate classes worldwide and is constantly adapting asset classes, geography and positions to interesting opportunity risk profiles. Starwood Capital Group and its subsidiaries have successfully implemented an investment strategy over the past 29 years that includes building listed and unlisted companies. Further information is available at starwoodcapital.com.
Goldman Sachs International and Morgan Stanley & Co International plc are financial advisors to the Bidder. Schönherr Rechtsanwälte GmbH is the Austrian legal advisor to the Bidder and its authorized representative vis-à-vis the Takeover Commission.
Contact to the media Tom Johnson or Dan Scorpio tbj @ abmac.com / dps @ abmac.com +1 (212) 371-5999
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Original content by: Starwood Capital Group, transmitted by news aktuell