M&A Deal Summary

The Blackstone Group Acquires American Campus Communities

On April 19, 2022, private equity firm The Blackstone Group acquired real estate company American Campus Communities for 12.8B USD

Acquisition Highlights
  • This is The Blackstone Group’s 10th transaction in the Real Estate sector.
  • This is The Blackstone Group’s 8th largest (disclosed) transaction.
  • This is The Blackstone Group’s 190th transaction in the United States.
  • This is The Blackstone Group’s 32nd transaction in Texas.

M&A Deal Summary
Date 2022-04-19
Target American Campus Communities
Sector Real Estate
Buyer(s) The Blackstone Group
Deal Type Going Private
Deal Value 12.8B USD
Advisor(s) BofA Securities
KeyBanc Capital Markets (Financial)
Dentons (Legal)

Target

American Campus Communities

Austin, Texas, United States
website
American Campus Communities is the nation’s largest developer, owner, and manager of high-quality student housing communities. American Campus Communities was founded in 1993 and is based in Austin, Texas.

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Buyer(S) 1

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.

DEAL STATS #
Overall 304 of 319
Sector (Real Estate) 10 of 11
Type (Going Private) 29 of 32
State (Texas) 32 of 32
Country (United States) 190 of 201
Year (2022) 5 of 10
Size (of disclosed) 8 of 167
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-11 Siccar Point Energy

Aberdeen, United Kingdom

Siccar Point Energy Ltd. is a full-cycle production, development and exploration company focussed on high quality, low cost, long-life assets on the UK Continental Shelf. Siccar business now includes interests in four of the largest UK assets by remaining reserves (Schiehallion, Mariner, Cambo, and Rosebank) as well as an extensive portfolio of additional high-quality material development and exploration opportunities. Siccar Point Energy is based in Aberdeen, United Kingdom.

Sell $1.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-10 Geosyntec

Boca Raton, Florida, United States

Geosyntec is a consulting and engineering firm that works with private and public sector clients to address new ventures and complex problems involving the environment, natural resources, and civil infrastructure. The company is a vibrant, practice-centered business with a strong desire for continuous self-improvement and ongoing reinvention to meet the evolving needs of current clients and to productively engage with new ones. Geosyntec was formed in 1983 and is based in Boca Raton, Florida.

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