J.C. Flowers backed investors bid for Hypo Real Estate stake

July 14, 2008

As per a recent press release, a group of investors advised by J.C. Flowers, a leading US based private equity fund has put in a bid of 1.1 billion euros about 25 percent stake of Hypo Real Estate Holding AG. The offer, which seems to be extremely attractive, opens this Friday and will remain open for a couple of weeks. Hypo Real Estate is a reputed Munich based real estate based company which maintains an expertise in providing finanancing for commercial real estate, the public sector and infrastructure projects in the country. More updates on the bid, including details on whether it has been acepted or rejected by Hypo Real Estate will be updated in this post shortly.

Posted in Real Estate Private Equity