M&A Deal Summary

Harrison Street Real Estate Capital and Trinity Investment Management Acquire Pioneer Group

On April 26, 2021, private equity real estates Harrison Street Real Estate Capital and Trinity Investment Management acquired real estate company Pioneer Group from BGF

Acquisition Highlights
  • This is Harrison Street Real Estate Capital’s 3rd and Trinity Investment Management’s 1st transaction in the Real Estate sector.
  • This is Harrison Street Real Estate Capital’s 1st and Trinity Investment Management’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2021-04-26
Target Pioneer Group
Sector Real Estate
Buyer(s) Harrison Street Real Estate Capital
Trinity Investment Management
Sellers(s) BGF
Deal Type Secondary Buyout

Target

Pioneer Group

London, United Kingdom
Pioneer Group is a nationwide business to combine direct business support with the investment and development of new lab space. Providing ecosystems for growth and allowing ambitious businesses to tap into the expertise and networks of other companies connected across the globe. Pioneer Group is based in London, United Kingdom.

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Buyer(S) 2

DESCRIPTION

Harrison Street Real Estate Capital is a an alternative asset management firm principally focused on real assets. These include student housing, senior housing, medical office, and storage properties. The Firm will consider opportunities throughout North America and Europe. Harrison Street Real Estate was established in 2005 and is headquartered in Chicago, Illinois.


DEAL STATS #
Overall 3 of 3
Sector: Real Estate M&A 3 of 3
Type: Secondary Buyout M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-17 Massachusetts Institute of Technology - Osborn Triangle

Cambridge, Massachusetts, United States

Massachusetts Institute of Technology's Osborn Triangle is a life sciences and innovation campus located in Cambridge, Massachusetts.

Buy -
DESCRIPTION

Trinity Investment Management is a private equity real estate firm focused on consumer oriented operating companies and real estate platforms. Trinity Investment Management was formed in 2012 and is based in London.


DEAL STATS #
Overall 1 of 1
Sector: Real Estate M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-26 Knowledge Factory

London, United Kingdom

Knowledge Factory is one of the largest networks of science parks in the UK tailored to the innovation sector and totaling in excess of 1.5 million sq ft with c. 200 tenants in 419 acres. Knowledge Factory is based in London, United Kingdom.

Sell -

Seller(S) 1

SELLER

BGF

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2011
PE ASSETS 2.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Business Growth Fund (BGF) is a private investment firm focused on early and growth-stage investing across the UK. The Firm also invests in publicly traded companies. BGF's growth team looks to invest £1 to £15 million in small to mid-sized companies looking for additional capital to pursue growth. BGF was established in 2011 and is headquartered in London.


DEAL STATS #
Overall 54 of 131
Sector: Real Estate M&A 1 of 1
Type: Secondary Buyout M&A Deals 15 of 32
Country: United Kingdom M&A 51 of 125
Year: 2021 M&A 8 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-16 Polar Technology Management Group

Eynsham, United Kingdom

Polar Technology Management Group delivers engineering solutions to companies in the automotive, motorsport, medical, aerospace, defense, and energy sectors through its three subsidiary companies on its 5-acre factory complex. SST Technology, Lentus Composites, and Horizon Property make up the hi-tech engineering portfolio. These companies take the responsibility for the design, development, and manufacture of a wide range of products based upon the following technologies; complex metallic tubular fabrications, polymer, and ceramic composites, multi-axis machining, and additive layer manufacturing. Polar Technology Management Group was founded in 2012 and is based in Eynsham, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-05 Mach42

Oxford, United Kingdom

Mach42 is an innovative University of Oxford spin-out commercialising new machine learning technology. Mach42’s Discovery Platform combines three key innovative technologies to dramatically speed up and reduce the cost of existing simulation workflows, enabling researchers to make discoveries which were previously out of reach. Mach42 was founded in 2019 and is based in Oxford, United Kingdom.

Buy -