The advisors behind the offer on Stendörren | Realtid.se

On Tuesday morning, EQT announced that EQT Real Estate, through Chicago Holding, had made a cash public offering to Stendörren shareholders. In total, eight consulting firms, legal and financial, were linked.

The offer amounts to SEK 100.25 for each A and B shares of Stendörren, which corresponds to SEK 2 823 million.

The shareholders, Kvalitena, the management company, Hummelbosholm, Knut Pousette, Hans Lycketorp and Seth Lieberman, who hold a total of 50.06% of the votes in Stendörren, have accepted the offer.

In addition, Kvalitena AB has issued a call option to EQT Real Estate, representing 0.99% of the votes in Stendörren.

EQT writes the following about Stendörren:

"EQT Real Estate has been following the Stendörren for a long time and is impressed by Stendörren's solid and stable development.The large number of unused building rights offers an opportunity to further develop its real estate portfolio, which fits well with the strategy of the company. EQT Real Estate to invest in assets with development potential ".

EQT also writes that the increase in the investment rate in the Stendörren, which is necessary for the development of construction rights, is appropriate for private property, since Stendörren's revenues could decrease during a transition period.

It also appears that two members of Stendörren 's board of directors, Knut Pousette and Seth Lieberman, are also part of the EQT real estate investment committee, but stress that they do not want to go out of business. did not participate in the decision related to the offer. In addition, these two people belong to the shareholder who has chosen to accept the offer, which means that they are excluded from the board of directors of Stendörren.

Stendörren's Board of Directors has set up a bid committee composed of Jenny Wärme, Helena Levander, Hans Runesten, Andreas Philipson and Carl Mörk.

According to the press release, EQT Real Estate is funding the offer through a loan facility provided by Chicago Holdings Bank.

It also appears that once EQT, through Chicago Holding, has acquired shares of more than 90%, the company will request the mandatory redemption of the remaining outstanding shares of Stendörren and thus withdraw the Stendörren from Nasdaq Stockholm. .

DNB Markets and Danske Bank act as financial and capital market advisor for EQT. Linklaters Advokatbyrå AB acts as legal advisor to EQT Real Estate. ÅF Infrastructure AB acts as technical advisor, Skeppsbron Skatt AB as tax advisor and Alvarez & Marsal Nordics AB as financial advisor.

Stendörren's adviser is Handelsbanken Capital Markets, which is a financial advisor and the law firm Vinge, a legal advisor.

EQT chooses not to answer questions regarding the offer but refers to the press release.