Terra Firma Deutsche Annington Fund

Terra Firma Deutsche Annington Fund: Monterey Holdings I S.a.r.l., which is owned by the Terra Firma Deutsche Annington Fund, and CPI Capital Partners Europe GP LLC are selling a 12.5 percent stake, or about 30 million shares, according to a statement yesterday. The shares are being offered at a range of 19 euros to the current market price, said two people with knowledge of the matter who asked not to be identified before the sale is completed, according to Bloomberg. Monterey will also distribute the shares it holds to its limited partners, according to the statement. About 162 million shares, or 67.3 percent of Deutsche Anningtons share capital, will be transferred by Monterey to indirect investors, placed in the sale announced yesterday or continue to be held by Monterey as trustee. The individual investors will then be subject to a 90-day hold period after which they can sell their shares and Shareholders in Deutsche Annington Immobilien SE ANN , Germany s largest publicly traded owner of homes, are selling a stake in the company valued at 642 million euros $880 million . Bank of America Corp. and JPMorgan Chase Co. are managing the sale. It comes on the heels of Bochum, Germany-based Deutsche Annington reporting a 26 percent increase in first-quarter profit after cuts in financing costs. (news.financializer.com). As reported in the news.