KKR minority investment in OHB
KKR became OHB's minority shareholder through a voluntary takeover offer and a capital increase, with the Fuchs family keeping control and a delisting planned.
- Company
- OHB
- Type
- Strategic investment
- Status
- Completed
- Date
- 27 Aug 2024
- Value
- Not disclosed
- Value basis
- Takeover offer at €44.00 a share plus a 10% capital increase; KKR secured about 28.6% of OHB
- Region
- Germany
- Segment
- Spacecraft and components
Parties
- OHB issuer
- Orchid Lux HoldCo (KKR) investor
Key terms
- Offer price
- €44.00 a share in cash
- Capital increase
- 10%, subscribed on 22 Dec 2023
- KKR stake
- About 28.6%; KKR and the Fuchs family together about 94.0%
- Announced
- 7 Aug 2023
- Settlement
- By 9 Sep 2024 after the last regulatory approval
Sources
- OHB and KKR press release: OHB strengthens its capital base, Fuchs family remains majority shareholder kkr.com · 7 Aug 2023
- KKR press release: all regulatory approvals received for the OHB takeover offer kkr.com · 27 Aug 2024
Record ORB-INV-2024-0017. Investments are kept apart from the financings register and never counted in debt totals.
