IKB Funding Trust I yesterday announced an offer to the holders of the listed securities of IKB Funding Trust I (ISIN DE0008592759) to approve the amendment of the trust agreement with a view to a subsequent merger between IKB Funding Trust I and the newly formed IKB Funding Trust Merger I. IKB supports the offer.
IKB Deutsche Industriebank AG today agreed the sale of the IKB Leasing Group to investment funds managed by HPS Investment Partners, LLC (“HPS”). The transaction is subject to the approval of the banking supervisory authorities and is expected to come into effect in the second half of 2017. It was agreed that the purchase price would not be disclosed. With the sale of the IKB Leasing Group, IKB advances the focus on its core business with upper mid-market companies.
IKB Lux Beteiligungen S.à r.l. (the “Offeror”) hereby informs the holders of the notes issued by Capital Raising GmbH (ISIN DE0007490724, “Capital Notes”) and of the notes issued by Hybrid Raising GmbH (ISIN DE000A0AMCG6, “Hybrid Notes”) – together the “Notes” – of its offer to purchase any and all of the Notes at the purchase price of 20% of the nominal value pursuant to the terms and subject to the conditions set out in the Tender Offer Memorandum dated 20 April 2017.
The resolution on the transfer of the remaining shares to the major shareholder LSF6 Europe Financial Holdings, L.P., Dallas/USA, in exchange for cash compensation that was adopted at the Extraordinary General Meeting of IKB Deutsche Industriebank AG on 2 December 2016 has been entered in the commercial register.
The acquisition of Thalia Group by a consortium comprising the German publishing family Herder, entrepreneur family Kreke, digital-entrepreneur Dr. Leif Göritz and Thalia’s CEO Michael Busch, found strong support in syndication and closed oversubscribed.