We are delighted to announce that an affiliate of Select Alternative Investments has acquired a majority interest in a prominent freehold headquarters building in London, formerly the head office of Diageo, at a deeply discounted acquisition basis. We are excited to collaborate with a fantastic team on the ground – LSL Partners, Central & Provincial Partners, and Eastborough Partners – as we look to bring forward proposals to reposition this magnificent asset. The plans for the asset put sustainability and low-carbon development at the forefront and complement the regeneration and vibrancy of the local area, which has seen over 1,200 homes already delivered within the business park. #PrivateMarkets #PrivateEquity #RealEstate #DirectInvestments #LowCarbon
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Epiris, a private equity firm, agreed to acquire Amber Taverns, a pub operator. Financial terms were not disclosed. Read the full article: https://lnkd.in/dWjyzaz8 “We are excited to enter the next growth phase in partnership with Epiris, who invested the time and effort to understand our business and what makes an Amber pub. We are confident that they can support us in our ambitious expansion plans," James Baer, Amber Taverns CEO. Amber Taverns (led by james baer) is advised by Savills, Alvarez & Marsal, Rothschild & Co, DLA Piper and Instinctif Partners. Epiris (led by Bill Priestley) is advised by Greenbrook (led by Peter Hewer). Submit your deals here: https://lnkd.in/djcRGezn #MergersAcquisitionsDivestitures #PrivateEquity #Investments
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Sixth Street, a private equity firm, agreed to acquire WINGSTOP UK (Lemon Pepper Holdings Ltd) , the master franchisee for Wingstop in the UK and Ireland. Financial terms were not disclosed. Lemon Pepper (led by Chris Sherriff) is advised by KPMG, OC&C Strategy Consultants, Goldman Sachs (led by Khamran Ali, Stephen Martin and Owain Evans), HNH Partners, Jamieson Corporate Finance and DLA Piper. Sixth Street (led by Kayvan Heravi) is advised by PwC, Lazard, North Point Mergers and Acquisitions, Cleary Gottlieb Steen & Hamilton LLP and FTI Consulting (led by Tom Hufton, Amy G. and Matthew Young). #MergersAcquisitionsDiversitures #Investing #PrivateEquity
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Derwent London is pleased to announce that it has acquired the remaining 50% stake in its proposed 50 Baker Street W1 scheme from Lazari Investments, its joint venture partner, for £44.4m. Full details available at: https://lnkd.in/dKrzXGt7
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We are pleased to announce our role as commercial buy-side advisor for Cibus Nordic Real Estate AB (publ) in their contemplated acquisition of Forum Estates Holding BV. This transaction, with an underlying property value of approximately €508 m, represents a strategic step towards establishing a pan-European platform focused on grocery and daily goods properties. Forum Estates, a prominent player in the Benelux region, has a portfolio of 149 properties dedicated to grocery and daily essentials. If approved by Cibus, the transaction is expected to close in the first quarter of 2025. #Retail #PropertyInvestment #CapitalMarkets
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Private equity firm close to snagging deal A Sydney private equity firm is believed to be close to acquiring a majority stake in Perth-based The British Sausage Company. The company's products (picture) are supplied to major supermarkets. Read more about this, and much more about private equity and venture capital, at: https://lnkd.in/gE-aPUTb #privateequity #venturecapital #mergersandacquisitions
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Rightmove's now revealed it's rejected an approach from REA Group at 698p per share, payable in cash and shares. This is a modest 26% premium to Rightmove's unaffected share price. As we noted last week, taking the Zoopla deal as a benchmark would put a takeout price somewhere in the mid to high 700s.
This morning the Australian property websites group REA Group, part of News Corp, announced that it’s considering a possible cash and share offer for London-listed Rightmove. No indicative offer price was provided. The most comparable deal is Silver Lake’s £2.5 billion bid for Zoopla owner ZPG Plc in 2018. Applying the same unaffected share price premium of that deal (30.6%) to Rightmove would give an offer price of 726p, whilst applying the same EV/EBITDA multiple (23.1X) would value Rightmove at £6.3 billion, equating to around 798p per share. #manda #mergersandacquisitions #rightmove #londonstockexchange
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Jersey Mike's Subs, a franchisor of fast-casual submarine sandwich stores, announced it has reached an agreement where private equity funds managed by Blackstone (led by Blackstone’s most recent flagship private equity vehicle) will acquire a majority ownership position in Jersey Mike’s. Read it here: https://brnw.ch/21wP6cX
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It is certainly now more aligned with similar cash+share offers which tend to have lower premiums as the target shareholders get to partake in the future upside. Maybe the board now engages and a final (4th offer) will emerge that will get a recommendation.
This morning the Australian property websites group REA Group, part of News Corp, announced that it’s considering a possible cash and share offer for London-listed Rightmove. No indicative offer price was provided. The most comparable deal is Silver Lake’s £2.5 billion bid for Zoopla owner ZPG Plc in 2018. Applying the same unaffected share price premium of that deal (30.6%) to Rightmove would give an offer price of 726p, whilst applying the same EV/EBITDA multiple (23.1X) would value Rightmove at £6.3 billion, equating to around 798p per share. #manda #mergersandacquisitions #rightmove #londonstockexchange
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Blackstone, private equity giant, acquires Jersey Mike's Subs, the sandwich chain, in an $8-billion deal! The deal, which is expected to close in early 2025, underscores private-equity firms' increasing interest in franchise operators. Last year, PE firm Roark Capital agreed to buy Subway, Jersey Mike's Subs bigger rival, in a deal valued at up to $9.55 billion. #privateequity #finance Source: Reuters & Fast Company
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