M&A Deal Summary

Ivanhoe Cambridge Acquires Hub & Flow

On February 5, 2020, Ivanhoe Cambridge acquired real estate company Hub & Flow from The Carlyle Group

Acquisition Highlights
  • This is Ivanhoe Cambridge’s 2nd transaction in the Real Estate sector.
  • This is Ivanhoe Cambridge’s 1st transaction in France.

M&A Deal Summary

Date 2020-02-05
Target Hub & Flow
Sector Real Estate
Buyer(s) Ivanhoe Cambridge
Sellers(s) The Carlyle Group
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

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 2 of 3
Sector: Real Estate M&A 2 of 3
Type: Add-on Acquisition M&A Deals 1 of 2
Country: France M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-07 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.

Sell €2.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-16 VersaCold Logistics Services

Vaughan, Ontario, Canada

VersaCold Logistics Services is a supply chain solutions company focused exclusively on the handling of temperature-sensitive food products. The company delivers a suite of fully integrated logistics services through its national network of industry-leading facilities, transportation fleet, and advanced technologies that set the benchmark for accessibility, information visualization, real-time tracking and inventory management. VersaCold was formed in 1946 and is based in Vaughan, Ontario.

Sell -

Seller(S) 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 388 of 490
Sector: Real Estate M&A 1 of 2
Type: Add-on Acquisition M&A Deals 166 of 203
Country: France M&A 20 of 23
Year: 2020 M&A 6 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-30 One Medical

San Francisco, California, United States

One Medical is a membership-based reimagining primary care by improving the quality, service, and affordability of care through a technology-enabled model. The company provides service in nine metropolitan regions: Boston, Chicago, Los Angeles, New York, Phoenix, San Francisco, Seattle, San Diego and Washington, DC. In addition to its consumer membership model, more than 1,000 companies have added One Medical to their health benefits packages, giving employees unparalleled, integrated access to near-site primary care, 24/7 virtual care and even on-site care that helps them improve population health and decrease overall health care costs. Health systems are now also partnering with One Medical as they acknowledge the value of having high-quality longitudinal, preventative care in their networks. One Medical was founded in 2002 and is based in San Francisco, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-12 Golden Goose

Milan, Italy

Golden Goose is a designer of contemporary luxury casual wear and accessories, mostly known globally for its Golden Goose sneakers brand. Golden Goose Deluxe Brand develops total look collections for both men and women and caters to the needs of quality-conscious sophisticated customers in search of a lifestyle brand that offers distinctiveness and differentiation from the mainstream global luxury brands. Golden Goose was founded in 2000 and is based in Milan, Italy.

Sell -