M&A Deal Summary

Brookfield Private Equity Acquires Watermark Lodging

On May 6, 2022, private equity firm Brookfield Private Equity acquired real estate company Watermark Lodging for 3.8B USD

Acquisition Highlights
  • This is Brookfield Private Equity’s 2nd transaction in the Real Estate sector.
  • This is Brookfield Private Equity’s 5th largest (disclosed) transaction.
  • This is Brookfield Private Equity’s 12th transaction in the United States.
  • This is Brookfield Private Equity’s 1st transaction in Illinois.

M&A Deal Summary
Date 2022-05-06
Target Watermark Lodging
Sector Real Estate
Buyer(s) Brookfield Private Equity
Deal Type Going Private
Deal Value 3.8B USD
Advisor(s) Morgan Stanley (Financial)
Clifford Chance
Paul Hastings (Legal)

Target

Watermark Lodging

Chicago, Illinois, United States
Watermark Lodging is a self-managed non-traded real estate investment trust with a portfolio of high-quality lodging assets. Our premier portfolio, which is primarily focused on Luxury and Upper Upscale properties, was built over a decade through investing in high barrier to entry and growth markets as well as intensive asset management.

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Buyer(S) 1

Buyer

Brookfield Private Equity

Investor Investor Investor Investor Investor

Category Private Equity Firm
PE ASSETS 44.0B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

Brookfield Private Equity is the private equity arm of global asset management firm, Brookfield Asset Management. Brookfield Private Equity looks to acquire and invest in a variety of North American and European companies with broad sector interest in business services, industrials, and residential real estate. In addition to acquiring companies, Brookfield looks to invest in businesses through the public debt and equity markets, or by providing financing. Brookfield Private Equity is based in Toronto.

DEAL STATS #
Overall 22 of 25
Sector (Real Estate) 2 of 2
Type (Going Private) 6 of 7
State (Illinois) 1 of 1
Country (United States) 12 of 13
Year (2022) 3 of 5
Size (of disclosed) 5 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-07 AusNet

Southbank, Australia

AusNet owns and operates a gas distribution network that supplies natural gas. AusNet was founded in 2014 and is based in Southbank, Australia.

Buy AU$10.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-06 Primary Wave

New York, New York, United States

Primary Wave is an independent publisher of iconic music catalogs. Primary Wave's music catalog consists of over 800 Top-10 singles, more than 400 hits, and some of the most legendary names in music, including Prince, Bob Marley, Whitney Houston, James Brown, Stevie Nicks, Ray Charles, Smokey Robinson, Bing Crosby, and Def Leppard, among many others. Primary Wave is based in New York City.

Buy -
Mergr

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Company

Legal