Ingenia Communities receives revised takeover offer

• Ingenia Communities Group received a revised non-binding takeover proposal from Warburg Pincus at $5.25 per stapled security.
• Ingenia's board is currently reviewing the proposal with advisers, while its share price ended at $4.50 following the announcement.
• Warburg Pincus requires Ingenia to drop its existing acquisition agreement with land developer Peet Limited to proceed.

Ingenia Communities Group (ASX:INA) received a revised $5.25 per security cash buyout proposal from Warburg Pincus after market close on Sept. 25.

The cash proposal represents an increase over earlier non-binding offers of $4.75 and $5.05 per stapled security submitted by Warburg Pincus.

The board has not yet formed a view on the merits of the proposal, stated Ingenia Communities Group in a market release.

Warburg Pincus made the offer conditional on Ingenia recommending the deal by 2 October 2026, granting a four-week hard exclusivity period for due diligence, and terminating its scheme implementation deed with Peet (ASX:PPC).

Following the announcement, the Ingenia Communities Group share price was unchanged at $4.50.

Ingenia operates and develops lifestyle communities, land lease estates, and holiday parks across Australia.

The group previously entered into a binding scheme implementation deed to acquire residential developer Peet in late August.