Crown Estate has exchanged unconditional contracts to acquire Morfa Shopping Park Swansea from Junction Fund for a price of £80.2 million.
Round-up of today’s M&A deals
Crown Estate has exchanged unconditional contracts to acquire Morfa Shopping Park Swansea from Junction Fund for a consideration of £80.2 million.
The Junction Fund has disposed of the property as part of its strategy to focus on those properties that have greater asset management or development opportunities.
The sale of Morfa Shopping Park Swansea is the fourth disposal by the Junction Fund since the start of 2010, and the second to The Crown Estate following Ocean Retail Park Portsmouth in March 2011.
Following completion of the sale of Morfa Shopping Park Swansea, Junction Fund bank debt will have been reduced by 54 per cent since May 2009.
Round-up of today’s M&A deals
- Bridgepoint’s portfolio company CABB has made its first add-on acquisition with KemFine Group the 3i-owned speciality chemical producer
Value: £124.7 million
Advisers: The Valence Group
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- Aspartus Resources takes a stake in Indonesian mine with the acquisition of 49.99 per cent of the entire issued share capital of Quantum Return Enterprises, a British Virgin Islands company
Value: undisclosed
Advisers: Alfred Henry Corporate Finance
- AnaCap Financial Partners has led the acquisition of the Czech arm of Italian bank Banco Popolare, Banco Popolare Ceska Republika
Value: undisclosed
Advisers: CMS Cameron McKenna, Richard Bull, Marco Casasole, Helen Rodwell, Ashurst, Piers Warburton, Nick Goddard, BBH, Deloitte, Zitiello & Associati
