Goldman Sachs' Whitehall funds are launching a counter-bid to take over the Tecla and Berenice office funds, which already received an offer from Gamma RE, a joint venture between Pirelli RE and Morgan Stanley. Whitehall is offering EUR 650 for the quotas of each fund, which compares to the EUR 590 and EUR 540 offered by Gamma RE for Tecla and Berenice respectively. Whitehall Funds' bid, which is to be made through the special purpose vehicle Zwinger Opco 6, represents a 10% premium over the Gamma RE offer for Tecla and a 20% premium over the Gamma RE offer for Berenice.
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