public offer for
Reggeborgh & VolkerWessels
Sole Financial AdviserKempen & Co is acting as Sole Financial Adviser to Reggeborgh in the public takeover of Koninklijke VolkerWessels
Transaction highlights
- Reggeborgh, the internationally active investment company owned by the Wessels family received significant support from shareholders for its public takeover offer for all of the issued and outstanding shares of Koninklijke VolkerWessels
- The successful tender period resulted in a shareholding of 97.79% in VolkerWessels by Reggeborgh
- The delisting of VolkerWessels shares on Euronext Amsterdam will occur on 15 April 2020. Reggeborgh will initiate the statutory buy-out proceedings in order to obtain 100% of the shares
- Kempen & Co, through both its equities as well as corporate finance divisions, has been instrumental in the deal buying 15.38% of the Shares in the open market whilst 18.46% of the Shares were tendered under the Offer. The Offer provides an attractive premium delivering immediate, certain and significant value to Shareholders. The offer price of € 21.92 (€ 22.20 minus € 0.28 interim dividend) represents a premium of 25.4% over the closing price per Share on 28 October 2019. The transaction values all outstanding shares of VolkerWessels at €1.8 billion
- Earlier in 2019 in anticipation of the offer, our Debt Advisory team played a leading role in structuring and arranging the € 400 million debt facilities raised in connection with the public offer. Van Lanschot in consortium provided the debt facilities in support of this transaction
Kempen & Co is pleased to be the sole financial adviser of Reggeborgh in its public takeover of VolkerWessels.
Strategic rationale
Reggeborgh fully supports the long-term strategy of VolkerWessels and moreover the company will be in a better position to deal with the increasingly challenging market conditions with a long term shareholder in a private setting. VolkerWessels will have a strong direct shareholder willing and able to take a long-term view on maintaining and, where possible, enhancing VolkerWessels’ market position.
About Koninklijke VolkerWessels
Koninklijke VolkerWessels is a leading integrated and diversified listed construction group with a “think global, act local” mind-set. VolkerWessels’ operating model combines a local sales and client focus with a control and support structure at divisional level that optimises scale and expertise across its operating companies. VolkerWessels operates primarily in the Netherlands, the United Kingdom, North America and Germany. Operationally, its business is organised in six segments. In the countries in which VolkerWessels operates it has over 120 local operating companies, which have national and regional offices and management.
Kempen & Co Real Estate credentials
- Kempen & Co advised on more than €45 billion of transactions across Europe since 2018
- Kempen & Co has a leading position in public takeovers advising in 9 European public takeovers since 2018
- Kempen & Co’s Debt Advisory team was involved in structuring and arranging of more than €5bn syndicated debt facilities since 2017
Contact
Lees meer over:
Transactions
No transactions found
Accelerated Bookbuild Offering
Global Accelerated Bookbuild Offering
Accelerated bookbuild offering
Sale of 456 unit landmark residential project in prime location The Hague
acquired by
public offer for
Sale and capital increase
and
Sale of Dutch residential development to
Global Offering
Accelerated Bookbuild Offering
Public takeover of
Sale of
to
Accelerated Bookbuild Offering
Capital increase
Global offering
US public offering
Rights issue
Initial Public Offering on NASDAQ
Secondary placing of Fagron shares
Rights issue
a subsidiary of
Sale of German DIY portfolio to REDOS acting on behalf of Union Investment
Accelerated bookbuild offering
Accelerated Bookbuild Offering on behalf of selling shareholders in
Three-day bookbuild offering
Rights issue
Initial Public Offering
Accelerated Bookbuild Offering
Block trade in argenx shares
a subsidiary of
Sale of German retail portfolio to a real estate private equity firm
Sale of Dutch residential portfolio managed by
on behalf of investors to
Sale of
to
Bencis Capital Partners
Increase of stake in
Initial Public Offering
Capital increase
Block trade in ERYTECH shares
Initial public offering
Accelerated bookbuild offering
Initial public offering
Acquisition of
Block trade in Boskalis shares
US public offering
US public offering
Sale to
US public offering
Sale of Rabo Bouwfonds CIF datacenter portfolio to
Initial public offering
Acquisition of former Delta Lloyd portfolio from
Rights issue
Public offer for
Accelerated bookbuild offering
Fundraise
Rights issue Public offer by German listed ADLER Real Estate
for Israeli listed
Public offer by German Vonovia
Accelerated bookbuild offering
Sale of Dynamic Portfolios
Public offer by Spanish Colonial
for Spanish Axiare Real Estate
Accelerated bookbuild offering
Sale of 3 German residential portfolios by
to consortium of buyers
US public offering
Accelerated bookbuild offering
Accelerated bookbuild offering
Accelerated bookbuild offering
Accelerated bookbuild offering
Acquisition by
of
Acquisition of
by
Private placement
Acquisition by
of
Dutch wealth management activities
Acquisition by
of
from
Accelerated bookbuild offering
Initial public offering on NASDAQ
Share buy-back program
Acquisition by
of
Accelerated bookbuild offering
Public offer by
for
Public takeover by German Vonovia
For Austrian Conwert
Accelerated bookbuild offering
Rights issue
Sale of 19% stake in
Accelerated bookbuild offering
Acquisition of the North American rights to RUCONEST by
from
Acquisition by
of
from
Strategic study
Secondary placement 30% stake in
Share buy-back program
Direct share placement
Private placement
Strategic study
Sale of the European veterinary business of
to
Strategic study
Private placement
Placement of treasury shares
Public offer for Deutsche Office
By German Alstria
Public offer for
Initial public offering
Rights issue
Rights issue
Initial public offering
Rights issue
Sale of
to
Residential portfolio sale by Dekor
A company owned by Reggeborgh
Rights issue
Accelerated bookbuild offering
Secondary placement of 35% stake in IOW
Accelerated bookbuild offering
Refinancing
Rights issue
Refinancing
Capital Raise
Initial public offering
Acquisition by
of
Management participation advisory in dual-track sale process
Refinancing
Initial Public Offering
Initial public offering
Rights issue
On behalf of
Acquisition of
Rights issue
Acquisition of French shopping centre portfolio by Wereldhave
From French-Dutch Unibail-Rodamco
Refinancing
Acquisition of the cancer immunotherapy program by
from
Initial public offering
Initial public offering
Public offer by French Groupe SMABTP
For French Société de la Tour Eiffel
Acquisition of
by
Secondary listing on Euronext Paris
Initial public offering
Acquisition by
of
Accelerated bookbuild offering
Convertible bond issue
Fairness opinion in the public offer by
Sale of Hercules business to ZEG
Refinancing
Convertible bond issue
Initial public offering
Sale of Dutch supply assets to
Accelerated bookbuild, preference shares issue and refinancing
Acquisition of
by
undisclosed PE firm
from
At-market rights issue
Acquisition by
of
Accelerated bookbuild offering
Private placement by acquisition vehicle for French Carrefour
Secondary offering
Combined offering of primary and secondary shares
Public offer for German listed GSW
by German listed
Equity issue
Refinancing
Sale of majority of shares to
Accelerated bookbuild offering
Initial public offering
Secondary offering
Accelerated bookbuild offering
Public offer by
for
Private placement
Public offer by
for
Accelerated bookbuild and private placement
Rights issue