Cases & Deals

DV4 participates in consortium to acquire Minerva

Client(s) DV4 Limited

Jones Day represented DV4 Limited in connection with the £202.6 million (US$325.4 million) - enterprise value £1 billion (US$1.6 billion) - offer for Minerva plc by Jupiter Properties 2011 UK Limited, a consortium comprised of a subsidiary of DV4 Limited, which is advised by Delancey Real Estate Asset Management Limited, and funds advised by AREA Property Partners (UK) Limited. The consortium's offer was made following agreement with Minerva's existing bank lenders to provide stapled financing in respect of approximately £800 million of credit facilities secured against various real estate assets.