References

LSF6 Europe Financial Holdings L.P. /
IKB Deutsche Industriebank AG

As independent auditor, Baker Tilly Roelfs on behalf of the Dusseldorf Regional Court has audited the appropriateness of the cash compensation within the scope of IKB Deutsche Industriebank AG, Dusseldorf’s (hereinafter also referred to as “IKB”) squeeze-out under German Stock Corporation Law.

On September 12, 2016, LSF6 Europe Financial Holdings L.P., Dallas/Texas, US (hereinafter also referred to as „LSF6“) communicated to IKB its request for the company’s general meeting to resolve on a transfer of the remaining shareholders’ (minority shareholders) shares to LSF6 as principal shareholder against the granting of an adequate cash compensation.

At such date, LSF6 held a share of more than 95 % in IKB’s share capital and was therefore the company’s principal shareholder pursuant to Art. 327a Sec. 1 sentence 1 AktG (German Stock Corporation Act). On December 2, 2016, IKB’s extraordinary general meeting approved the squeeze-out.

IKB Deutsche Industriebank AG supports medium-sized companies in Germany and Europe with loans, risk management, capital market and consulting services.

In their capacity as auditor regarding IKB’s valuation, the team of Michael Wahlscheidt and Dr. Stefan Fischer confirmed the cash compensation’s appropriateness.

Quick Facts

LSF6 Europe Financial Holdings L.P.

  • Subsidiary of Lone Star Funds, a leading private equity company

IKB Deutsche Industriebank AG

  • Bank with a focus on medium-sized companies
  • 2015/2016 total revenues: approx. 319.5 million €
  • Employees: 1,543 (March 2016)

Deal size

  • 301 million € (equity value)

Services

  • Audit of the cash compensation’s appropriateness within the scope of the squeeze-out

Team

  • Michael Wahlscheidt
  • Dr. Stefan Fischer
  • Kerstin Struckmann
  • Eugenia Gagin