DGAP-News: Swiss Life Asset Managers and Vauban Infrastructure Partners are launching a public offer to acquire Aves One AG, one of the leading owners of railcars in Europe.
Swiss Life Asset Managers and Vauban Infrastructure Partners are launching a public offer to acquire Aves One AG, one of the leading owners of railcars in Europe.
DGAP-News: Blitz 21-821 AG (zukünftig: Rhine Rail Investment AG) / Key word(s): Offer Swiss Life Asset Managers and Vauban Infrastructure Partners are launching a public offer to acquire Aves One AG, one of the leading owners of railcars in Europe. 06.08.2021 / 22:49 The issuer is solely responsible for the content of this announcement.
Rhine Rail Investment AG, the special purpose vehicle set up by Swiss Life Asset Management AG, in capacity as adviser of its infrastructure funds and clients ("Swiss Life Asset Managers") and Vauban Infrastructure Partners, acting as investment fund manager of infrastructure funds, is launching a public takeover offer to acquire all shares of Aves One AG ("Aves One" or the "Company"). A group of shareholders owning over 85% of the Company have irrevocably committed to tender their shares. Headquartered in Hamburg, Germany, Aves One is one of the largest owners of railcars and swap bodies in Europe. The Company is listed on the regulated market (Prime Standard) of the Frankfurt Stock Exchange. Swiss Life Asset Managers and Vauban Infrastructure Partners are convinced of the strong positioning and potential of Aves One. Both are keen to support management's efforts in growing the platform and investing in new, quality assets. Aves One is well-positioned to take advantage of the positive momentum and favourable demand outlook for European railcars and swap bodies, and will be able to leverage Swiss Life Asset Managers' and Vauban Infrastructure Partner's experience in managing major infrastructure investments. Aves One, Swiss Life Asset Managers, and Vauban Infrastructure Partners have signed an investment agreement in relation to the takeover offer and the future partnership. The Management Board and the Supervisory Board of Aves One have agreed, subject to the review of the published offer document, to support the offer and to recommend the acceptance of the offer to their shareholders. The definite terms and conditions of the Takeover Offer, as well as further provisions concerning the Takeover Offer, will be included in the offer document, which is to be approved by the German Federal Financial Supervisory Authority ("BaFin"). Following approval by BaFin, the offer document will be published and the initial acceptance period will commence. The offer document and all other information about the Takeover Offer will be published on the following website: www.rocket-offer.com Lazard acts as sole financial advisor and Latham & Watkins acts as legal adviser to Swiss Life Asset Managers and Vauban Infrastructure Partners. Aves One has developed a solid and diversified customer base with leading state-owned railway, industrial and logistics operators through its partnership with several leading European asset managers. Aves One operates under a robust and proven asset owner business model led by the experienced management team with a sound understanding of the railcar leasing industry and strong asset financing capabilities. Swiss Life Asset Managers has over 160 years of asset management experience and is among the largest asset managers for real assets in Europe. As of 31 December 2020, Swiss Life Asset Managers managed a total of CHF 270 billion in assets for the Swiss Life Group and its clients, of which CHF 7.3 billion is managed by the Infrastructure Equity Business area. Swiss Life Asset Managers has a dedicated infrastructure equity team of more than 40 investment professionals, focusing on investments in global infrastructure assets including renewables and a proven track record in creating value for its clients. About Vauban Infrastructure Partners
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