M&A Deal Summary

Equity International Acquires Terranum Corporate Properties

On January 1, 2011, private equity real estate Equity International acquired construction company Terranum Corporate Properties

Acquisition Highlights
  • This is Equity International’s 6th transaction in the Construction sector.
  • This is Equity International’s 1st transaction in Colombia.

M&A Deal Summary

Date 2011-01-01
Target Terranum Corporate Properties
Sector Construction
Buyer(s) Equity International
Deal Type Buyout (LBO, MBO, MBI)

Target

Terranum Corporate Properties

Bogota, Colombia
Terranum Corporate Properties is focused on the development, ownership and management of the highest quality corporate property in Colombia and the Andean region. The Company is the first in Colombia to provide best-in-class property specifically designed to meet the needs of leading domestic and international corporations. Terranum Corporate Properties is currently developing Connecta, a mixed use complex near Bogotá’s El Dorado International Airport. The Company has a robust pipeline of opportunities in Colombia’s five largest cities and in other countries including Costa Rica, Panama and Peru. Terranum Corporate Properties is a subsidiary of Terranum, a full-service real estate company jointly owned by Estrategias Corporativas, a preeminent Colombian investment bank, and the Santo Domingo family of Colombia, a leading global investor across a broad range of industries.

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Buyer(S) 1

Buyer

Equity International

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Real Estate
Founded 1999
PE ASSETS 2.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Equity International is a private equity real estate firm focused on investment opportunities located outside the US. Equity International looks to co-invest alongside outside operating and financial partners when considering new projects or proposals. Specific areas of interest include the office, industrial, retail, entertainment, hospitality, finance, homebuilding and senior living sectors. The Firm's geographic interest lies in areas with economic growth, capital market inefficiency and limited competition. Equity International was formed in 1999 by Sam Zell and Gary Garrabrant and is headquartered in Chicago, Illinois.


DEAL STATS #
Overall 19 of 27
Sector: Construction M&A 6 of 6
Type: Buyout (LBO, MBO, MBI) M&A Deals 13 of 16
Country: Colombia M&A 1 of 2
Year: 2011 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-20 BR Malls Participaocoes SA

Rio De Janeiro, Brazil

BR Malls Participaocoes SA largest integrated shopping mall company with an average stake of 43.6% in 34 malls nationwide.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-16 Guarde Aqui

São Paulo, Brazil

Guarde Aqui is the major self-storage owner and operator in Brazil by the number of facilities, leasable area, revenues, and NOI. GA manages its facilities to industry standards similar to those located in countries with mature self-storage markets, establishing itself as one of the only institutional-quality self-storage operators in Brazil. The company’s facilities are well-located, built to international standards with a focus on security, ease of transportation, and customer support. Guarde Aqui was founded in 2005 and is based in São Paulo, Brazil.

Buy -