Jones Day advised Centuria Capital Limited on the deal.
Centuria Capital Group (Centuria), a leading multi-sector real estate funds management business, announced its merger-of-equals with the Primewest Group (Primewest), an ASX-listed real estate funds management businesses, with assets across a range of listed, unlisted, and private funds.
The merged group is estimated to have a pro forma market capitalization of AU$2.2 billion, and with over AU$15 billion of assets under management, it will be among the largest real estate fund managers listed on the ASX.
The merger will be effected by an Australian off-market takeover bid, whereby Centuria will acquire 100% of Primewest’s securities and Primewest securityholders will receive $0.20 in cash and 0.473 Centuria stapled securities for each Primewest stapled security as consideration.
The Jones day team was led by Mark Crean (Picture) and Hemang Shah.
Law Firms: Jones Day;
Clients: Centuria Capital Group;