M&A Deal Summary

BioMed Realty Acquires Wexford Science & Technology

On June 4, 2013, BioMed Realty acquired real estate company Wexford Science & Technology for 670M USD

Acquisition Highlights
  • This is BioMed Realty’s 1st transaction in the Real Estate sector.
  • This is BioMed Realty’s largest (disclosed) transaction.
  • This is BioMed Realty’s 1st transaction in the United States.
  • This is BioMed Realty’s 1st transaction in Maryland.

M&A Deal Summary

Date 2013-06-04
Target Wexford Science & Technology
Sector Real Estate
Buyer(s) BioMed Realty
Deal Type Add-on Acquisition
Deal Value 670M USD
Advisor(s) Goldman Sachs
Stifel, Nicolaus & Co., Inc. (Financial)

Target

Wexford Science & Technology

Baltimore, Maryland, United States
Wexford Science & Technology, LLC is a private real estate investment and development company that meets the growing and specialized facilities needs of for-profit and not-for-profit institutions, including universities, university-related research parks and healthcare systems. Wexford collaborates with its client institutions to create and build knowledge-based communities, which are vibrant, mixed-use, amenity-rich environments where innovation thrives.

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Buyer(S) 1

Buyer

BioMed Realty

San Diego, California, United States

Category Company
Founded 2004
Sector Real Estate
Employees247
Revenue 674M USD (2014)
DESCRIPTION

BioMed Realty invests in the highest quality institutional real estate to meet the needs of the growing demand across the life science industry. The company owns or has interests in properties comprising approximately 18.8 million rentable square feet.


DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Maryland) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1