Frank\u00adfurt and Munich \u2014 Oakt\u00adree has laun\u00adched a public take\u00adover offer for Deut\u00adsche Euro\u00adShop AG. A consor\u00adtium of private invest\u00adment funds mana\u00adged and advi\u00adsed by Oakt\u00adree Capi\u00adtal Manage\u00adment, L.P. and CURA Verm\u00f6\u00adgens\u00adver\u00adwal\u00adtung, the family office of the Otto family and parent company of the ECE Group, has announ\u00adced its decis\u00adion to launch a volun\u00adt\u00adary public take\u00adover offer for all no-par value shares of Deut\u00adsche Euro\u00adShop AG through Hercu\u00adles BidCo GmbH, which will be indi\u00adrectly control\u00adled by the consor\u00adtium. Gibson, Dunn & Crut\u00adcher LLP advi\u00adsed Oakt\u00adree in connec\u00adtion with its public tender offer for Deut\u00adsche Euro\u00adShop AG.<\/p>\n
The total value for share\u00adhol\u00adders of EUR 22.50 per share repres\u00adents a substan\u00adtial premium of 44.0 percent over Deut\u00adsche Euro\u00adShop\u2019s unaf\u00adfec\u00adted share price of EUR 15.63 per share at the close of trading on May 20, 2022. \u2014 Deut\u00adsche Euro\u00adShop is a major shop\u00adping center inves\u00adtor that owns a port\u00adfo\u00adlio of 21 high-quality shop\u00adping centers in prime loca\u00adti\u00adons in Germany and attrac\u00adtive cities in Central and Eastern Europe.<\/p>\n
The offer is a stra\u00adte\u00adgic invest\u00adment in Deut\u00adsche Euro\u00adShop to ensure that the company can respond to exis\u00adting chal\u00adlenges and oppor\u00adtu\u00adni\u00adties in the current retail envi\u00adron\u00adment. Over the past two years, vola\u00adti\u00adlity in the retail sector has increased due to pande\u00admic-rela\u00adted closures, supply chain disrup\u00adti\u00adons, and gene\u00adral consu\u00admer uncer\u00adtainty caused by the war in Ukraine.<\/p>\n
Advi\u00adsor to Oakt\u00adree: Gibson, Dunn & Crut\u00adcher LLP About Gibson Dunn Frank\u00adfurt and Munich \u2014 Oakt\u00adree has laun\u00adched a public take\u00adover offer for Deut\u00adsche Euro\u00adShop AG. A consor\u00adtium of private invest\u00adment funds mana\u00adged and advi\u00adsed by Oakt\u00adree Capi\u00adtal Manage\u00adment, L.P. and CURA Verm\u00f6\u00adgens\u00adver\u00adwal\u00adtung, the family office of the Otto family and parent company of the ECE Group, has announ\u00adced its decis\u00adion to launch a volun\u00adt\u00adary public [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":43611,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1365,1366,1367,1369],"tags":[],"class_list":["post-43636","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-private-equity-en","category-news-en","category-lawyers-tax-advisors-auditors-en","category-investors"],"yoast_head":"\n
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\nThe firm was led by Corpo\u00adrate Part\u00adner Dr. Wilhelm Rein\u00adhardt (Frank\u00adfurt) and Clai\u00adbourne Harri\u00adson (London); Part\u00adners Alan Samson (Real Estate, London), Sandy Bhogal (Tax, London), Coun\u00adsel Anne\u00adkat\u00adrin Pels\u00adter (Corpo\u00adrate, Frank\u00adfurt) and Asso\u00adcia\u00adtes Dr. Dennis Seif\u00adarth (Corpo\u00adrate, Munich) and James Chand\u00adler (Tax, London).<\/p>\n
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\nGibson, Dunn & Crut\u00adcher LLP is one of the leading inter\u00adna\u00adtio\u00adnal law firms and is ranked among the top law firms world\u00adwide in indus\u00adtry surveys and by autho\u00adri\u00adta\u00adtive publi\u00adca\u00adti\u00adons. With more than 1,600 lawy\u00aders in 20 offices, the firm has a global presence in all major econo\u00admic regi\u00adons. Gibson Dunn offices are loca\u00adted in Brussels, Century City, Dallas, Denver, Dubai, Frank\u00adfurt, Hong Kong, Hous\u00adton, London, Los Ange\u00adles, Munich, New York, Orange County, Palo Alto, Paris, Beijing, San Fran\u00adcisco, S\u00e3o Paulo, Singa\u00adpore and Washing\u00adton, D.C. For more infor\u00adma\u00adtion, visit www.gibsondunn.com.<\/p>\n","protected":false},"excerpt":{"rendered":"