M&A Deal Summary

EQT Acquires Assemblage

On May 29, 2024, private equity firm EQT acquired real estate company Assemblage from Prologis

Acquisition Highlights
  • This is EQT’s 9th transaction in the Real Estate sector.
  • This is EQT’s 57th transaction in the United States.
  • This is EQT’s 3rd transaction in Minnesota.

M&A Deal Summary

Date 2024-05-29
Target Assemblage
Sector Real Estate
Buyer(s) EQT
Sellers(s) Prologis
Deal Type Divestiture

Target

Assemblage

Minneapolis, Minnesota, United States
Assemblage consists of over five million square feet and features a mix of bulk, light industrial, and last-mile facilities with an average building size of more than 200,000 square feet. Assemblage is based in Minneapolis, Minnesota.

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Buyer(S) 1

Buyer

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 302 of 317
Sector (Real Estate) 9 of 9
Type (Divestiture) 50 of 51
State (Minnesota) 3 of 3
Country (United States) 57 of 59
Year (2024) 7 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-28 Waystar

Louisville, Kentucky, United States

Waystar provides cloud-based technology that simplifies and unifies the healthcare revenue cycle. The Waystar platform removes friction in payment processes, streamlines workflows, and improves financials for providers in every care setting. Waystar is based in Louisville, Kentucky.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-12 CluePoints

Louvain-la-Neuve, Belgium

CluePoints provides Risk-Based Study Execution (RBx) and Data Quality Oversight Software. The company's products utilize comprehensive statistical algorithms to determine the quality, accuracy, and integrity of clinical trial data both during and after the study conduct. CluePoints was established in 2012 and is based in Louvain-la-Neuve, Belgium.

Buy -

Seller(S) 1

SELLER

Prologis

San Francisco, California, United States

Category Company
Sector Real Estate
Employees2,574
Revenue 8.0B USD (2023)
DESCRIPTION
Entrance to Prologis' corporate headquarters in San Francisco, California.
Entrance to Prologis' corporate headquarters in San Francisco, California.

Prologis is an owner, operator, and developer of industrial real estate, focused on global and regional markets across the Americas, Europe and Asia. Prologis is based in San Francisco, California.


DEAL STATS #
Overall 3 of 3
Sector (Real Estate) 3 of 3
Type (Divestiture) 3 of 3
State (Minnesota) 1 of 1
Country (United States) 3 of 3
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-10 Duke Realty

Indianapolis, Indiana, United States

Duke Realty is a provider of commercial real estate. Duke Realty owns, maintains an interest in, or has under development approximately 156.5 million rentable square feet of industrial and office assets, including medical offices, in 22 major U.S. metropolitan areas. Duke Realty is based in Indianapolis, Indiana.

Buy $26.0B