Kirkland & Ellis is advising Starwood Capital Group (“Starwood Capital”) in respect of its controlled affiliate’s (SOF-11 Klimt CAI S.à r.l. ("BidCo")) intention to launch a Public Takeover Offer for CA Immobilien Anlagen AG ("CA Immo"), an entity listed on the Vienna Stock Exchange. BidCo has been the largest shareholder in CA Immo since the acquisition of an initial 26% ownership stake in 2018. In accordance with the Austrian Takeover Act, BidCo will launch an anticipatory mandatory takeover offer for all of CA Immo’s shares and convertible bonds that are not held by Bidco.
The transaction involved close collaboration across Kirkland’s London and New York offices. In London, the team was led by transactional partners Daniel Borg and Matthew Elliott and included transactional partners Lloyd Jones and Dan Clarke, capital markets partners Matthew Merkle and Michael Taufner and tax partners Jonathan Kandel and Frixos Hatjantonas. In New York, the team was led by real estate partners Andrew Shiner, Scott Berger and Andrew Van Noord.