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Steilmann intends acquisition of Adler Modemärkte AG

(lifePR) (Frankfurt am Main, ) Steilmann Holding AG, Bergkamen and Excalibur I Sarl (of which Equinox Two SCA, a Luxembourg investment company, holds the majority) announced on Thursday, 21 March 2013, that they intend to make a voluntary takeover offer for Adler Modemärkte AG, Haibach. This announcement follows a share purchase agreement with financial investor bluO International Affiliates Limited, the current majority shareholder of Adler Modemärkte AG, by which Steilmann and Equinox secured the acquisition of 49.96 per cent of the shares in Adler Modemärkte AG.

The transaction will be financed by equity and loan facilities provided by Commerzbank AG and IKB Deutsche Industriebank AG. Commerzbank is acting as Agent and Security Agent, IKB is acting as Documentation Agent for the facilities. The investors are advised by Latham & Watkins LLP. Milbank, Tweed, Hadley & McCloy LLP is acting as legal counsel to the banks.

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