Transactions - JUNE 21, 2022

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Oaktree JV proposes takeover bid for major shopping center investor

by Andrea Zander

A consortium of private investment funds managed by Oaktree Capital Management and CURA Vermögensverwaltung, the family office of the Otto family and parent company of ECE Group, through Hercules BidCo GmbH, which will be indirectly controlled by the consortium, has made a voluntary public takeover offer for all no-par value shares of Deutsche EuroShop AG, announced in May 23. The deal is estimated to be €1.4 billion ($1.5 billion).

Deutsche EuroShop is a major shopping center investor that owns a portfolio of 21 high-quality centers in prime locations across Germany and selected cities in Central and Eastern Europe.

In the past two years, the volatility of the retail sector has increased by the pandemic-associated lockdowns, supply chain disruptions and widespread consumer uncertainty due to the war in Ukraine. The consortium is firmly convinc

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