M&A Deal Summary

Griffin Capital Partners and Kajima Acquire Pad Res

On September 14, 2021, private equity real estate Griffin Capital Partners and Kajima acquired renewable energy company Pad Res

Acquisition Highlights
  • This is Griffin Capital Partners’ 1st and Kajima’s 1st transaction in the Renewable Energy sector.
  • This is Griffin Capital Partners’ 6th and Kajima’s 2nd transaction in Poland.

M&A Deal Summary

Date 2021-09-14
Target Pad Res
Sector Renewable Energy
Buyer(s) Griffin Capital Partners
Kajima
Deal Type Joint Venture

Target

Pad Res

Warsaw, Poland
Pad Res specialises in investment and development of innovative projects based on renewable energy sources. Pad Res involvement includes photovoltaic and wind farms and the exploration of alternative energy sources. Pad Res was founded in 2010 and is based in Warsaw, Poland.

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Buyer(S) 2

Buyer
DESCRIPTION

Griffin Real Estate is a private equity real estate firm focused on developing and acquiring real-estate related assets and companies in Central and Eastern Europe. Griffin Real Estate was formed in 2006 and is headquartered in Warsaw.


DEAL STATS #
Overall 7 of 10
Sector: Renewable Energy M&A 1 of 2
Type: Joint Venture M&A Deals 1 of 1
Country: Poland M&A 6 of 8
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 LifeSpot

Warsaw, Poland

LifeSpot creates aesthetic, comfortable apartments tailored to the needs of tenants. LifeSpot offers locations in Gdynia, Wroclaw and Lodz. The package includes internet, simple rules, a tenant portal and a "place for your pet". LifeSpot was founded in 2021 and is based in Warsaw, Poland.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-20 Bauwert

Berlin, Germany

Bauwert is a project developers and providers of high-quality rental and condominiums - with a focus on Berlin and the Berlin area. Over 330 projects with more than two million square meters of usable space. Bauwert was founded in 1983 and is based in Berlin, Germany.

Buy -
Buyer

Kajima

London, United Kingdom

Category Company
Founded 1987
Sector Construction
DESCRIPTION

Kajima is offering a full construction service, as both a design-and-build team and as general contractor. Kajima projects primarily consist of industrial, retail and commercial buildings. Kajima was founded in 1987 and is based in London, United Kingdom.


DEAL STATS #
Overall 2 of 2
Sector: Renewable Energy M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
Country: Poland M&A 2 of 2
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Student Depot

Warszawa, Poland

Student Depot is a student housing developer and operator with almost 4,200 beds in operation, ca. 1,000 beds under construction or at the design phase. The company operates students houses in the largest Polish academic cities: Warsaw, Cracow, Wroclaw, Gdansk, Poznan, Lodz and Lublin. Student Depot was formed in 2014 and is based in Warszawa, Poland.

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