M&A Deal Summary

GIC Acquires P3 Parks

On November 7, 2016, sovereign wealth fund GIC acquired real estate company P3 Parks from TPG and Ivanhoe Cambridge for 2.4B EUR

Acquisition Highlights
  • This is GIC’s 1st transaction in the Real Estate sector.
  • This is GIC’s 9th largest (disclosed) transaction.
  • This is GIC’s 2nd transaction in Czech Republic.

M&A Deal Summary

Date 2016-11-07
Target P3 Parks
Sector Real Estate
Buyer(s) GIC
Sellers(s) TPG
Ivanhoe Cambridge
Deal Type Secondary Buyout
Deal Value 2.4B EUR

Target

P3 Parks

Prague , Czech Republic
P3 Parks is a logistics real estate operating company active in managing, leasing, and developing logistics warehouses. P3’s mission is to provide warehouse customers with a first-rate occupancy experience in high-quality assets in key logistics locations. P3 Parks was founded in 2001 and is based in Prague, Czech Republic.

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Buyer(S) 1

Buyer
DESCRIPTION

GIC Private Ltd. is the investment arm of Singapore. The Group primarily invests through three investment groups, including public markets, private equity and real estate. GIC's private equity practice looks to invest in funds as well as directly in companies. GIC is based in Singapore with additional offices globally.


DEAL STATS #
Overall 15 of 46
Sector: Real Estate M&A 1 of 2
Type: Secondary Buyout M&A Deals 5 of 16
Country: Czech Republic M&A 2 of 2
Year: 2016 M&A 3 of 3
Size (of disclosed) 9 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 Ancestry

Lehi, Utah, United States

Ancestry is a provider of family history and consumer genomics information, and helps people gain a new level of understanding about their lives. The Company's suite of history products include Archives, Fold3, Newspapers.com, AncestryDNA, and Ancestry Health. Ancestry was founded in 1990 and is based in Lehi, Utah.

Buy $2.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-17 Leslie s

Phoenix, Arizona, United States

Leslie's is a specialty retailer of swimming pool supplies and related products. Leslie's was founded in 1963 and is based in Phoenix, Arizona.

Buy -

Seller(S) 2

SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 296.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 159 of 277
Sector: Real Estate M&A 2 of 3
Type: Secondary Buyout M&A Deals 14 of 41
Country: Czech Republic M&A 1 of 1
Year: 2016 M&A 9 of 10
Size (of disclosed) 21 of 73
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-07 Inghams Group

North Ryde, Australia

Inghams Group is a producer of meat, layer chickens and turkey. Inghams Group was formed in 1918 and is based in North Ryde, New South Wales.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-15 Sauce Labs

San Francisco, California, United States

Sauce Labs is a provider of a cloud-based platform for the automated testing of web and mobile applications. Sauce Labs was founded in 2008 and is based in San Francisco, California.

Buy -
SELLER

Ivanhoe Cambridge

Montreal, Quebec, Canada

Category Company
Founded 1953
Sector Real Estate
DESCRIPTION

Ivanhoe Cambridge develops and invests in high-quality real estate properties, projects and companies that are shaping the urban fabric in dynamic cities around the world. Ivanhoe Cambridge was established in 1953 and is based in Montreal, Quebec.


DEAL STATS #
Overall 1 of 2
Sector: Real Estate M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: Czech Republic M&A 1 of 1
Year: 2016 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-16 P3 Parks

Prague , Czech Republic

P3 Parks is a logistics real estate operating company active in managing, leasing, and developing logistics warehouses. P3’s mission is to provide warehouse customers with a first-rate occupancy experience in high-quality assets in key logistics locations. P3 Parks was founded in 2001 and is based in Prague, Czech Republic.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-05 Hub & Flow

Paris, France

Hub & Flow is a platform made up of 17 quality logistics warehouses covering more than 425,000 m² in France. Hub & Flow offers first-class locations and qualitative technical solutions able to meet the challenges imposed by the strong growth of E-Commerce coupled with changes in consumer habits. Hub & Flow is based in Paris, France.

Buy -