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As the seller, CLI owns 78% and 10% of full sales price will be paid with CLINT's shares. So, CLI will (1) earn a 1% acquisition fee, (2) keep their AUM and (3) recycle 85-90% of their capital.
Great business.
PROPOSED ACQUISITION OF ASCENDAS IT PARK (PUNE) PRIVATE LIMITED AND PROPOSED SPONSOR SUBSCRIPTION (AS DEFINED HEREIN)
The Trustee-Manager intends to finance the Total Acquisition Cost, in the following manner:
2.6.1 S$25.0 million through the proposed issue of new units in CLINT (“Units” and such new Units in CLINT, “New Units”) to the Sponsor (the “Proposed Sponsor Subscription”) (see paragraph 3 below); and/or
2.6.2 through debt financing and internal resources.
https://links.sgx.com/1.0.0/corporate-an...4e5965ef3c
Great business.
PROPOSED ACQUISITION OF ASCENDAS IT PARK (PUNE) PRIVATE LIMITED AND PROPOSED SPONSOR SUBSCRIPTION (AS DEFINED HEREIN)
The Trustee-Manager intends to finance the Total Acquisition Cost, in the following manner:
2.6.1 S$25.0 million through the proposed issue of new units in CLINT (“Units” and such new Units in CLINT, “New Units”) to the Sponsor (the “Proposed Sponsor Subscription”) (see paragraph 3 below); and/or
2.6.2 through debt financing and internal resources.
https://links.sgx.com/1.0.0/corporate-an...4e5965ef3c
I am not a certified financial advisor and so nothing of what I say should be construed as financial advice. Please consult a certified financial advisor for advice instead.