M&A Deal Summary

Bentall GreenOak Acquires Metropolitan Real Estate

On April 1, 2021, Bentall GreenOak acquired real estate company Metropolitan Real Estate from The Carlyle Group

Acquisition Highlights
  • This is Bentall GreenOak’s 3rd transaction in the Real Estate sector.
  • This is Bentall GreenOak’s 2nd transaction in the United States.
  • This is Bentall GreenOak’s 2nd transaction in New York.

M&A Deal Summary

Date 2021-04-01
Target Metropolitan Real Estate
Sector Real Estate
Buyer(s) Bentall GreenOak
Sellers(s) The Carlyle Group
Deal Type Add-on Acquisition

Target

Metropolitan Real Estate

New York, New York, United States
Metropolitan Real Estate is a privately owned, registered investment advisor with more than $2.6 billion in capital commitments across 22 partnerships (16 funds of funds and six feeder funds), representing a wide range of clients, including institutional investors, endowments and foundations and high net worth investors. Metropolitan constructs and manages vintage year U.S., non-U.S., global and custom portfolios, with a focus on private, indirect investments in value-add and opportunistic real estate.

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Buyer(S) 1

Buyer

Bentall GreenOak

Toronto, Ontario, Canada

Category Company
Sector Real Estate
DESCRIPTION

Bentall GreenOak is a fully integrated real estate services company providing investment management, property management, leasing and development services to clients across Canada and the U.S.


DEAL STATS #
Overall 3 of 3
Sector (Real Estate) 3 of 3
Type (Add-on Acquisition) 2 of 2
State (New York) 2 of 2
Country (United States) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-18 GreenOak Real Estate

London, United Kingdom

GreenOak Real Estate LP is a global real estate investment management firm with approximately US$11 billion of AUM, across discretionary closed-end funds for both equity and debt strategies in the US, Europe, and Asia.

Buy -

Seller(S) 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 417 of 481
Sector (Real Estate) 2 of 2
Type (Add-on Acquisition) 176 of 198
State (New York) 16 of 18
Country (United States) 228 of 259
Year (2021) 9 of 30
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 Liberty Tire Recycling

Pittsburgh, Pennsylvania, United States

Liberty Tire Recycling is a premier provider of tire recycling services in North America. Liberty collects and recycles used tires for innovative, beneficial re-use. The recycled rubber produced by Liberty is used as crumb rubber and industrial feedstock for molded products; as tire-derived fuel for industrial kilns, mills, and power plants; and as rubber mulch for landscaping and playgrounds. The company maintains a network of processing plants and comprehensive, nationwide collection services. Liberty Tire Recycling was formed in 2002 and is based in Pittsburgh, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-26 Unchained Labs

Pleasanton, California, United States

Unchained Labs is a life science tools company focused on solving problems for biologics and gene therapy researchers. Unchained systems are used by biopharma researchers around the world to analyze and characterize large, complex molecules and to make their research jobs easier. Unchained Labs was founded in 2015 and is based in Pleasanton, California.

Buy $435M