SEK 8.7bn public bid on Victoria Park
Pangea Property Partners financial adviser to Starwood in the transaction.
At end of last week, Starwood Capital Group announced a public bid on Swedish listed mid cap property company Victoria Park. The offer is SEK 34.4 in cash per each class A and class B share and SEK 315.0 per each preference share in Victoria Park, representing a total bid value of approximately SEK 8,680 million. Six major shareholders representing 22.2 percent of the shares and 31.5 percent of the votes in Victoria Park have signed irrevocable undertakings to accept the offer.
For more information, please see press release here