ATLANTIC BIDCO GMBH

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Associated tags: Bidding, Advent International, Bank, Financial services, Security (finance), DGAP, Judgement of the German Federal Court of Justice on Google's autocomplete function, Physikalisch-Technische Bundesanstalt, Finsbury, Knowledge, Aareal Bank, TEL, Centerbridge Partners, Person, Federal republic, INTO, News

Locations: , DEUTSCHLAND

DGAP-News: Atlantic BidCo GmbH: Aareal Bank shareholders can tender their shares from today - Offer Document published

Retrieved on: 
Tuesday, April 26, 2022

The German Federal Financial Supervisory Authority (BaFin) earlier today approved the offer document ("Offer Document"), after having already granted exemption from a one-year blocking period on 7 April 2022.

Key Points: 
  • The German Federal Financial Supervisory Authority (BaFin) earlier today approved the offer document ("Offer Document"), after having already granted exemption from a one-year blocking period on 7 April 2022.
  • During this time, Aareal Bank shareholders can accept the offer and tender their shares to the Bidder.
  • As further specified in the Offer Document, the offer is subject to a minimum acceptance threshold of 60% approval from bank regulatory, and other offer conditions.
  • The new offer made today follows the renewal of the investment agreement ("Investment Agreement") by Atlantic BidCo and Aareal Bank on 6 April 2022.

DGAP-News: Atlantic BidCo GmbH: Atlantic BidCo announces intention to launch new public takeover offer for Aareal Bank - Boards of Aareal Bank approve planned offer

Retrieved on: 
Tuesday, April 12, 2022

The Bidder will offer EUR 33.00 per share for all outstanding shares of Aareal Bank in cash.

Key Points: 
  • The Bidder will offer EUR 33.00 per share for all outstanding shares of Aareal Bank in cash.
  • The offer also represents a premium of 6% compared to the last offer price that was announced on 26 January 2022.
  • The offer values Aareal Bank at approximately EUR 2.00 billion for 100% of share capital.
  • These main shareholders of Aareal Bank have also committed to partially reinvest into a long-dated, illiquid indirect participation of approximately 20% in the Bidder.

DGAP-News: Atlantic BidCo GmbH: Major shareholders of Aareal Bank support takeover offer by Atlantic BidCo

Retrieved on: 
Tuesday, April 5, 2022
Advent International, Software, Technology, Knowledge, USD, Tel Aviv Stock Exchange, Health, Financial Oversight and Management Board for Puerto Rico, Finsbury, Senior, INTO, Person, Company, Physikalisch-Technische Bundesanstalt, Judgement of the German Federal Court of Justice on Google's autocomplete function, Williams & Glyn, Investment, Forward-looking statement, Bidding, Growth, DGAP, Atlantic Ocean, Advent, Federal Financial Supervisory Authority, Federal republic, Partnership, Centerbridge Partners, RBS, TEL, News, THE, EUR, Acquisition, Security (finance), Financial services, Cryptocurrency, Bank, Auction, Nexi, Aareal Bank, Addiko Bank

These main shareholders of Aareal Bank have also committed to partially reinvest into a long-dated, illiquid indirect participation of approximately 20% in the Bidder.

Key Points: 
  • These main shareholders of Aareal Bank have also committed to partially reinvest into a long-dated, illiquid indirect participation of approximately 20% in the Bidder.
  • Subject to the consent of Aareal Bank and the German Federal Financial Supervisory Authority (BaFin), the Bidder intends to submit a voluntary public takeover offer to all Aareal Bank shareholders in due course, at a cash consideration of EUR 33.00 per share for all outstanding shares of Aareal Bank.
  • Advent's Managing Partner Ranjan Sen said: "We are pleased that we have reached an agreement with key shareholders of Aareal Bank who support our increased offer.
  • Atlantic BidCo aims to further develop Aareal Bank Group in line with the strategy adopted by the Management Board."

DGAP-News: Atlantic BidCo GmbH: Takeover offer for Aareal Bank - Minimum acceptance threshold not reached

Retrieved on: 
Friday, February 4, 2022
Bidding, Growth, SC, News, Forward-looking statement, III, Aareal Bank, Centerbridge Partners, Finsbury, Technology, Frankfurt, Person, Advent International, Company, Atlantic Ocean, TEL, CCP, Judgement of the German Federal Court of Justice on Google's autocomplete function, Federal republic, Physikalisch-Technische Bundesanstalt, THE, Knowledge, Investment, INTO, DGAP, Security (finance), Financial services, Bank

Frankfurt am Main, 4 February 2022 - The voluntary public takeover offer to the shareholders of Aareal Bank AG by Atlantic BidCo GmbH, a non-controlled company indirectly held by funds which are respectively managed and advised by Advent International Corporation and Centerbridge Partners, L.P. as well as further minority shareholders, has not reached the minimum acceptance threshold of 60%.

Key Points: 
  • Frankfurt am Main, 4 February 2022 - The voluntary public takeover offer to the shareholders of Aareal Bank AG by Atlantic BidCo GmbH, a non-controlled company indirectly held by funds which are respectively managed and advised by Advent International Corporation and Centerbridge Partners, L.P. as well as further minority shareholders, has not reached the minimum acceptance threshold of 60%.
  • Therefore, the takeover offer has lapsed and will be unwound in accordance with the offer document.
  • The firm focuses on investments in five core sectors, including business and financial services; health care; industrial; retail, consumer and leisure; and technology.
  • This publication is for information purposes only and neither constitutes an invitation to sell, nor an offer to purchase, securities of the Company.

DGAP-News: Atlantic BidCo GmbH: Atlantic BidCo increases offer for Aareal Bank to €31 per share and declares it best and final

Retrieved on: 
Thursday, January 27, 2022
Person, Supervisory board, Growth, News, INTO, Physikalisch-Technische Bundesanstalt, Aareal Bank, Forward-looking statement, Investment, DGAP, Federal republic, Company, VWAP, Advent International, Technology, Knowledge, Centerbridge Partners, Financial Oversight and Management Board for Puerto Rico, Bidding, Finsbury, TEL, Judgement of the German Federal Court of Justice on Google's autocomplete function, THE, Security (finance), Cryptocurrency, Financial services, Bank

Best and final offer price of 31 per share in cash, an increase of 7% - represents 44% premium over 3 month VWAP*

Key Points: 
  • Best and final offer price of 31 per share in cash, an increase of 7% - represents 44% premium over 3 month VWAP*
    Frankfurt, 26 January 2022 - Atlantic BidCo GmbH ("the Bidder") today announces that it has purchased shares of Aareal Bank AG ("Aareal Bank") at a price of 31 per share.
  • Thereby, the consideration offered to all shareholders of Aareal Bank under its voluntary takeover offer is increased by 7%, or 2, to 31 per share in cash.
  • This even more attractive offer price is best and final and no further price increase will be made.
  • The Management Board and Supervisory Board of Aareal Bank unanimously support the public takeover offer, recommend shareholders to accept it and agree that the offer is in the best interest of all Aareal Bank stakeholders.