M&A Deal Summary

Kalyx Properties Acquires Kalyx Development

On May 8, 2017, Kalyx Properties acquired real estate company Kalyx Development for 60M USD

Acquisition Highlights
  • This is Kalyx Properties’ 1st transaction in the Real Estate sector.
  • This is Kalyx Properties’ 2nd largest (disclosed) transaction.
  • This is Kalyx Properties’ 1st transaction in the United States.
  • This is Kalyx Properties’ 1st transaction in Colorado.

M&A Deal Summary
Date 2017-05-08
Target Kalyx Development
Sector Real Estate
Buyer(s) Kalyx Properties
Deal Type Merger
Deal Value 60M USD
Advisor(s) Sandler O'Neill + Partners (Financial)
Reitler Kailas & Rosenblatt
Dentons (Legal)

Target

Kalyx Development

Denver, Colorado, United States
Kalyx is a real estate investment trust in the regulated cannabis industry in the U.S. By retrofitting underutilized real estate assets, Kalyx accommodates the need of tenants in the cultivation, processing and/or distribution of cannabis and cannabis products.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Kalyx Properties

New York, New York, United States
Category Company
Founded 2015
Sector Financial Services
DESCRIPTION

Kalyx is a fully-integrated real estate development company and one of the leading multi-state providers of commercial and industrial space to the rapidly growing, highly regulated cannabis industry. Repositioning existing underutilized real estate assets to meet the specialized needs of cannabis operators, Kalyx is at the forefront of a new vertical in commercial real estate. Kalyx leases its properties on a NNN basis to state-licensed cultivators, processors and/or distributors of cannabis and cannabis products in states in which such activities are legal under state law. Kalyx properties are compliant with state and local zoning laws and are designed to meet industry specific needs for enhanced power, HVAC, water, security and data.

DEAL STATS #
Overall 2 of 2
Sector (Real Estate) 1 of 1
Type (Merger) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-02 TLA Worldwide

London, United Kingdom

TLA Worldwide Plc is a sports marketing firm with a primary focus on the sport of baseball, golf, broadcasting and coaching.

Buy $60M
Mergr

Product

Company

Legal