Kirkland Advises Brookfield on Recommended Cash Offer for Tritax EuroBox plc
Kirkland & Ellis is advising the board of directors of Titanium Ruth Bidco Limited, a newly formed company indirectly owned by one of Brookfield's real estate private funds, on its recommended cash offer for the entire issued, and to be issued, ordinary share capital of Tritax EuroBox. The cash offer values Tritax EuroBox's entire issued, and to be issued, ordinary share capital at approximately £557 million on a fully diluted basis which, based on Tritax EuroBox's net debt as at 31 March 2024, implies an enterprise value of approximately £1,102 million. Tritax EuroBox is a specialist investor in European logistics real estate with a portfolio of 1.5 million square metres of space (16.2 million square feet).
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The Kirkland team includes corporate lawyers Dipak Bhundia, Gregory Scott, Matthew Elliott, Irfan Ahmed, Charles Hébert, Sher Lin Wong, Raphael Khoo, Philipp Poitiers, Callum Alder, William Blakeney and Tamara Zehentbauer; debt finance lawyers Daniel Borg, Lloyd Robertson-Jones, Tian Sun and Aram Valesyan; and technology & IP transactions lawyers Max Harris, Samantha Bradley and Asmita Singhvi.
