Schoenherr is advising Starwood Capital Group on its offer for a public takeover of VSE-listed CA Immobilien Anlagen AG.
CA Immo is a real estate group headquartered in Vienna with branch offices in seven Central European countries.
The Starwood Capital Group is a private investment firm with a core focus on global real estate. Since its inception in 1991, the firm has raised nearly USD 50 billion of equity capital and currently has in excess of USD 60 billion of assets under management.
According to Schoenherr, “in accordance with the Austrian Takeover Act, the offer shall be launched at the outstanding ordinary shares with an offer price of EUR 34.44 per share, as well as convertible bonds issued by CA Immo that are not held by Starwood. Based on the offer price CA Immo is valued at approximately EUR 3.4 billion. The publication of the offer memorandum for the public takeover offer, which will be subject to regulatory approvals, is expected to take place in the first quarter of 2021.”
Schoenherr’s team includes Partners Christian Herbst, Peter Feyl, and Volker Weiss, Counsels Sascha Schulz and Maximilian Lang, Attorney Marco Thorbauer, and Associates Alfred Amann and Maximilian Nutz.