Addleshaw Goddard advises on Dock Newco’s recommended takeover offer for Daejan Holdings plc

The offer values the entire issued share capital of Daejan at approximately £1,311.8 million and the 20.5 per cent. of free float shares for which Dock Newco is offering at around £269.5 million.


Daejan is a London Premium listed real estate company and a member of the FTSE 250. Daejan’s portfolio comprises residential, industrial and commercial property across the UK and the United States.

Dock Newco is a newly incorporated company, formed by the Freshwater Group for the purposes of the making the offer. The Freshwater family has been intimately involved in Daejan’s business since 1959 when its property business conducted a reverse takeover of Daejan.

The AG team is being led by Corporate partner Giles Distin, assisted by Managing Associate Louise Pritchard, with acquisition finance advice also being provided by Finance & Projects partner Andrew Fordham.


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