Investment agreement and takeover offer
Dear shareholders,
On 16 June 2022, Atlantic BidCo GmbH announced that it has secured a total of 83.8 per cent of Aareal Bank shares after the end of the statutory additional acceptance period.
The Bidder is indirectly held by funds managed and advised by Advent International Corporation and Centerbridge Partners as well as CPP Investment Board Europe S.à.r.l., a wholly-owned subsidiary of Canada Pension Plan Investment Board (“CPP Investments“) and further minority shareholders.
Atlantic BidCo GmbH already announced on 30 May 2022 that it had secured 74.62 per cent of Aareal Bank shares after the end of the acceptance period, thus exceeding the minimum acceptance level of 60 per cent set out in the course of the voluntary public takeover offer.
Closing of the takeover offer is subject to regulatory approvals and is expected to take place in spring 2023.
Further Information:
- Bidder press release dated 30 May 2022
- Aareal Bank press release dated 25 May 2022
- Bidder press release dated 25 May 2022
- Aareal Bank press release dated 6 May 2022
- Reasoned statement of the Management Board and the Supervisory Board dated 5 May 2022
- FAQ Aktionäre (in German)
- Bidder’s Offer Document
- Aareal Bank investor presentation of 8 April 2022
- Aareal Bank press release dated 6 April 2022
- Aareal Bank ad-hoc disclosure dated 6 April 2022
- Atlantic BidCo GmbH information page
- Aareal Bank press release dated 5 April 2022
- Aareal Bank ad-hoc disclosure dated 5 April 2022
Investment Agreement and takeover offer November/December 2021
Atlantic BidCo GmbH (the “Bidder”), a bidder company held indirectly by financial investors Advent International Corporation and Centerbridge Partners, L.P. as well as other co-investors – including the Canada Pension Plan Investment Board (CPPIB) – announced on 4 February 2022 that its voluntary public takeover offer for all shares in Aareal Bank AG was not successful:
Please see below for more information on the course of the voluntary public takeover offer:
- Bidder press release dated 26 January 2022
- Supplementary reasoned statement of the Management Board and the Supervisory Board dated 20 January 2022
- Aareal Bank press release dated 20 January 2022
- Amendments to the Offer by the Bidder dated 18 January 2022
- Reasoned statement of the Management Board and the Supervisory Board
- Aareal Bank’s press release dated 27 December 2021
- Bidder’s offer document
- Aareal Bank ad-hoc disclosure dated 23 November 2021
- Aareal Bank press release of 23 November 2021
- Aareal Bank investor presentation of 23 November 2021
- BaFin information page