US EditionReal Estate Company Acquires Commercial Property Business for $1.1B All-Stock Deal
The acquisition addresses Ravelin's financial challenges and will give Clarke shareholders 83.8% ownership in the combined company, enhancing scale and geographic diversification.
- On Friday, March 27, 2026, Clarke Inc. signed a deal to acquire Ravelin Properties REIT, valuing the North American and European commercial real estate owner at $1.1 billion including assumed debt.
- Ravelin pursued this all-stock transaction to manage its financial difficulties, which include defaults on existing debt and immediate capital requirements.
- Clarke expects to issue 2.5 million shares in the transaction, with existing shareholders retaining 83.8 per cent of the combined company and Ravelin securityholders owning 16.2 per cent.
- The acquisition encompasses all outstanding trust units and Ravelin's 9.00 per cent, 5.50 per cent, and 7.50 per cent convertible unsecured subordinated debentures.
- Clarke chief financial officer Tom Casey said the acquisition provides geographic scale and liquidity; the deal is expected to close in the second quarter of 2026, subject to customary approvals.
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13 Articles
Real estate company acquires commercial property business for $1.1B all-stock deal
Clarke Inc. has signed a deal to acquire Ravelin Properties REIT in a deal that values the owner of commercial real estate assets in North America and Europe at $1.1 billion, including assumed debt.
The Toronto Star
Clarke signs deal to acquire commercial real estate firm Ravelin Properties REIT
HALIFAX - Clarke Inc. has signed a deal to acquire Ravelin Properties REIT in a deal that values the owner of commercial real estate assets in North America and Europe
CLARKE INC. ENTERS INTO AGREEMENT TO ACQUIRE RAVELIN PROPERTIES REIT (2026-03-27)
Pursuant to the Arrangement Agreement, holders of the REIT Units will receive approximately 0.582 common shares of Clarke for each 1,000 REIT Units held; holders of REIT Debentures will receive approximately 14.562 Clarke Shares for each $1,000 principal amount of REIT Debentures held; and Early Consenting Debentureholders will receive a pro rata...
CLARKE INC. ENTERS INTO AGREEMENT TO ACQUIRE RAVELIN PROPERTIES REIT
HALIFAX, NS, March 27, 2026 /CNW/ - Clarke Inc. (TSX:CKI) ("Clarke") and Ravelin Properties REIT (TSX:RPR) ("Ravelin" or the "REIT") are pleased to announce that they have entered into an
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