M&A Deal Summary

Hammerson and Palm Promotion Acquire Groupe Financiere Duval

On July 10, 2007, Hammerson and Palm Promotion acquired real estate company Groupe Financiere Duval for 30M EUR

Acquisition Highlights
  • This is Hammerson’s 4th and Palm Promotion’s 1st transaction in the Real Estate sector.
  • This is Hammerson’s 6th and Palm Promotion’s 0th largest (disclosed) transaction.
  • This is Hammerson’s 2nd and Palm Promotion’s 1st transaction in France.

M&A Deal Summary
Date 2007-07-10
Target Groupe Financiere Duval
Sector Real Estate
Buyer(s) Hammerson
Palm Promotion
Deal Type Joint Venture
Deal Value 30M EUR

Target

Groupe Financiere Duval

France
Groupe Financiere Duval constructs,operates,develops in real estate services.The company designs and constructs commercial facilities, corporate buildings and logistics platforms, mixed operations in town centers, and housing and tourist accommodation properties, as well as homes for the elderly and public-private partnership operations.

Search 202,196 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) 2

Buyer

Hammerson

London, United Kingdom
Category Company
Founded 1942
Sector Real Estate
Employees164
Revenue 128M GBP (2023)
DESCRIPTION

Hammerson is a provider of high-quality retail property. The Company focuses on winning locations: prime regional shopping centres, convenient retail parks and premium designer outlet villages. Hammerson was founded in 1942 and is based in London, England.

DEAL STATS #
Overall 4 of 7
Sector (Real Estate) 4 of 7
Type (Joint Venture) 1 of 3
Country (France) 2 of 3
Year (2007) 1 of 1
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-02 LxB Holdings

London, United Kingdom

LxB Holdings Limited,a property company specialising in out-of-town retail property. Each of the properties has an open A1 planning consent.

Buy £425M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-11 SQY Ouest

Yvelines, France

SQY Ouest is a modern retail and leisure scheme developed in 2005. Located 20 km south west of Paris.SQY Ouest benefits from good transport links and has over 45 retailers on four floors, including international brands.

Buy €38M
Buyer

Palm Promotion

Titusville, France
Category Company
Sector Real Estate
DESCRIPTION

Palm Promotion is the historical society property development group In 2009, merged with Palm Promotion Bati Conseil Immobilier SEDAF and the other two real estate development companies in the Group.

DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Joint Venture) 1 of 1
Country (France) 1 of 1
Year (2007) 1 of 1
Mergr

Product

Company

Legal