PRINT THIS PAGE Swedish Ratos join forces with Lehman's real estate arm in E543m take private bid22/10/2003. Source: AltAssets. 
 Swedish private equity firm Ratos has joined forces with Lehman Brothers Real Estate Partners in a E543m take-private bid for Stockholm listed property company Tornet. The offer has already received 55 per cent shareholder support and requires 90 per cent to go through.
Ratos was approached by Lehman Brothers late last year, as the firm was looking to do a deal with a local co-investor. Ratos will take a 40 per cent stake and Lehman Brothers will acquire the remaining share. This is Ratos' first investment in the property sector.
Ratos was founded as an asset management company in 1934 and was floated on the stock market in 1954. In 1999 the group decided to take a new strategic direction and transformed itself into a listed private equity company.
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