Impar Capital Makes Strategic Takeover Bid for VBARE Iberian
Deal News | Dec 11, 2024 | Iberian Lawyer
Impar Capital has made a significant move in the Spanish real estate market by submitting a takeover bid for 98% of VBARE Iberian Properties SOCIMI, valued at €36 million. The offer, made via Impar's investment vehicle Singular Prime Investment SICC II, achieved a 99.3% acceptance rate from shareholders, effectively securing the targeted percentage of capital. VBARE Iberian Properties, established in 2015, specializes in residential real estate assets across key Spanish metropolitan areas, boasting properties worth over €70 million, predominantly located in Madrid. Andersen, a law firm, took charge of navigating the complexities of this acquisition process with key teams and partners, including banking, finance, tax, corporate, and real estate sectors, all orchestrating the legal and financial formalities necessary to execute this strategic acquisition.
Sectors
- Real Estate
- Legal Advisory
- Investment Management
Geography
- Spain – Spain is the central geographic focus, where VBARE Iberian Properties holds its real estate investments and where the takeover event occurred.
Industry
- Real Estate – The primary industry involved is real estate, specifically residential property investment, as VBARE Iberian Properties SOCIMI is engaged in acquiring and managing real estate assets in Spain.
- Legal Advisory – The legal advisory services industry is involved as Andersen provided legal guidance to Impar Capital in the acquisition matters.
- Investment Management – Impar Capital’s role as an investment firm highlights the investment management industry’s involvement in the article.
Financials
- 36,000,000 – The valuation of VBARE Iberian Properties SOCIMI by Impar Capital for the takeover.
- 99.3% – The percentage of shares accepted in the takeover bid by Impar Capital.
- 70,000,000 – The current valuation of VBARE Iberian Properties' real estate portfolio.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Impar Capital | Bidding Company | Company | An investment company that has placed a takeover bid for VBARE Iberian Properties. |
| VBARE Iberian Properties SOCIMI | Target Company | Company | A Spanish real estate investment company engaged primarily in the metropolitan residential market. |
| BME Growth | Other Company | Company | A source of information regarding the acceptance of the takeover bid. |
| Andersen | Legal Advisor | Company | A law firm that provided legal consultation and advisory services to Impar Capital for the acquisition. |
| Singular Prime Investment SICC II | Investment Vehicle | Company | Impar Capital's investment vehicle through which the bid was made. |