Press Release
Frankfurt am Main, August 30, 2016. LSREF4 ARIA Beteiligungs GmbH & Co. KG (the “Bidder”), an affiliate of Lone Star Real Estate Fund IV (U.S.), L.P. and Lone Star Real Estate Fund IV (Bermuda), L.P., hereby announces the final acceptance ratio at the end of the regular acceptance period with regard to its voluntary public takeover offer and compensation offer (together the “Offer”) to the shareholders of ISARIA Wohnbau AG (hereinafter “ISARIA”). Together with shares previously held or acquired outside of the Offer during the acceptance period and new shares acquired in ISARIA’s recent rights offering, the Bidder secured a total of approximately 91.4% of the outstanding shares in ISARIA. Additional ISARIA shares, which are subject to irrevocable tender commitments, are expected to be tendered prior to the end of the additional acceptance period at the latest.
Lone Star said: “We are very pleased with the great result and the acceptance of the offer by the ISARIA shareholders.” As set out in the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz (WpÜG)), ISARIA shareholders who have not yet accepted the Offer may still tender their shares in return for a cash payment of EUR 4.50 during the statutory additional acceptance period that will start at 0:00 a.m. (CET) on August 31, 2016 and end at midnight (CET) on September 13, 2016.
The settlement date for all tendered shares is expected to occur on September 20, 2016.
About Lone Star: Lone Star Funds (“Lone Star”) is a leading private equity firm that invests globally in real estate, equity, credit and other financial assets. Since the establishment of its first fund in 1995, Lone Star has organized sixteen private equity funds (the “Funds”) with aggregate capital commitments totaling over $65 billion. The Funds are structured as closed-end, private-equity limited partnerships, the limited partners of which include corporate and public pension funds, sovereign wealth funds, university endowments, foundations, fund of funds and high net worth individuals. The Funds are advised by Lone Star Global Acquisitions, Ltd. (“LSGA”), an investment adviser registered with the U.S. Securities and Exchange Commission. LSGA and its global subsidiaries advise the Funds from offices in North America, Western Europe and East Asia.
Frankfurt am Main, August 30, 2016. LSREF4 ARIA Beteiligungs GmbH & Co. KG (the “Bidder”), an affiliate of Lone Star Real Estate Fund IV (U.S.), L.P. and Lone Star Real Estate Fund IV (Bermuda), L.P., hereby announces the final acceptance ratio at the end of the regular acceptance period with regard to its voluntary public takeover offer and compensation offer (together the “Offer”) to the shareholders of ISARIA Wohnbau AG (hereinafter “ISARIA”). Together with shares previously held or acquired outside of the Offer during the acceptance period and new shares acquired in ISARIA’s recent rights offering, the Bidder secured a total of approximately 91.4% of the outstanding shares in ISARIA. Additional ISARIA shares, which are subject to irrevocable tender commitments, are expected to be tendered prior to the end of the additional acceptance period at the latest.
Lone Star said: “We are very pleased with the great result and the acceptance of the offer by the ISARIA shareholders.” As set out in the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz (WpÜG)), ISARIA shareholders who have not yet accepted the Offer may still tender their shares in return for a cash payment of EUR 4.50 during the statutory additional acceptance period that will start at 0:00 a.m. (CET) on August 31, 2016 and end at midnight (CET) on September 13, 2016.
The settlement date for all tendered shares is expected to occur on September 20, 2016.
About Lone Star: Lone Star Funds (“Lone Star”) is a leading private equity firm that invests globally in real estate, equity, credit and other financial assets. Since the establishment of its first fund in 1995, Lone Star has organized sixteen private equity funds (the “Funds”) with aggregate capital commitments totaling over $65 billion. The Funds are structured as closed-end, private-equity limited partnerships, the limited partners of which include corporate and public pension funds, sovereign wealth funds, university endowments, foundations, fund of funds and high net worth individuals. The Funds are advised by Lone Star Global Acquisitions, Ltd. (“LSGA”), an investment adviser registered with the U.S. Securities and Exchange Commission. LSGA and its global subsidiaries advise the Funds from offices in North America, Western Europe and East Asia.
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