M&A Deal Summary

Cornerstone Real Estate Advisers Acquires Protego Real Estate Investors

On February 17, 2010, Cornerstone Real Estate Advisers acquired real estate company Protego Real Estate Investors from Smedvig Capital

Acquisition Highlights
  • This is Cornerstone Real Estate Advisers’ 1st transaction in the Real Estate sector.
  • This is Cornerstone Real Estate Advisers’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2010-02-17
Target Protego Real Estate Investors
Sector Real Estate
Buyer(s) Cornerstone Real Estate Advisers
Sellers(s) Smedvig Capital
Deal Type Add-on Acquisition

Target

Protego Real Estate Investors

London, United Kingdom
Protego Real Estate Investors LLP is a provider real estate investment advisory services to a variety of clients through funds and separate accounts.

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Buyer(S) 1

Buyer

Cornerstone Real Estate Advisers

Hartford, Connecticut, United States

Category Company
Founded 1994
Sector Business Services
DESCRIPTION

Cornerstone Real Estate Advisers LLC is a provider of services to banking and thrift institutions, pension and profit sharing plans, investment companies.


DEAL STATS #
Overall 1 of 1
Sector: Real Estate M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2010 M&A 1 of 1

Seller(S) 1

SELLER

Smedvig Capital

London, United Kingdom

Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1996
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Smedvig Capital is a venture capital and business growth firm that typically targets investment opportunities in the UK. Smedvig seeks both direct buyout and growth capital investments and also makes investments in other third party private equity funds. Smedvig's direct investment practice targets equity investments of £3 to £10 million in businesses valued up to £30 million. Areas of interest include information management, financial services, consumer goods, retail, and support services. Smedvig Capital was formed in 1996 and is based in London.


DEAL STATS #
Overall 8 of 21
Sector: Real Estate M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 15
Country: United Kingdom M&A 6 of 16
Year: 2010 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-08 PDV

Hertfordshire, United Kingdom

PDV is a Direct Marketing company specialising in consumer data marketing. Its create responsive consumer audiences both online and via telesurvey delivering profitable campaign results for our clients.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-21 Streetcar

London, United Kingdom

Streetcar is the UK market leader in the rapidly growing car club sector; it provides a highly flexible, convenient and cost effective alternative to car ownership.

Sell $32M