M&A Deal Summary |
|
|---|---|
| Date | 2016-05-02 |
| Target | TLA Worldwide |
| Sector | Media |
| Buyer(s) | Kalyx Properties |
| Deal Type | Add-on Acquisition |
| Deal Value | 60M USD |
| Advisor(s) | Numis Securities Ltd. (Financial) DAC Beachcroft Freshfields Bruckhaus Deringer (Legal) |
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| Category | Company |
|---|---|
| Founded | 2015 |
| Sector | Financial Services |
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 | 1 of 2 |
| Sector (Media) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 1 |
| Country (United Kingdom) | 1 of 1 |
| Year (2016) | 1 of 1 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-05-08 |
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. |
Buy | $60M |
