M&A Deal Summary

Simon Property Group Acquires Taubman Centers

On February 10, 2020, Simon Property Group acquired real estate company Taubman Centers for 3.6B USD

Acquisition Highlights
  • This is Simon Property Group’s 2nd transaction in the Real Estate sector.
  • This is Simon Property Group’s largest (disclosed) transaction.
  • This is Simon Property Group’s 3rd transaction in the United States.
  • This is Simon Property Group’s 1st transaction in Michigan.

M&A Deal Summary
Date 2020-02-10
Target Taubman Centers
Sector Real Estate
Buyer(s) Simon Property Group
Deal Type Merger
Deal Value 3.6B USD
Advisor(s) Goldman Sachs (Financial)
Wachtell, Lipton, Rosen & Katz
Kirkland & Ellis (Legal)

Target

Taubman Centers

Bloomfield Hills, Michigan, United States
Entrance to Taubman Centers' corporate headquarters in Bloomfield Hills, Michigan.
Entrance to Taubman Centers' corporate headquarters in Bloomfield Hills, Michigan.
Taubman Centers, Inc. is a real estate investment trust that owns, develops, acquires and operates regional shopping centers across the US. Taubman Centers currently owns and/or manages urban and suburban regional and super-regional shopping centers in 12 states. Taubman Centers was formed in 1950 and is headquartered in Bloomfield Hills, Michigan.

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Buyer(S) 1

Buyer

Simon Property Group

Indianapolis, Indiana, United States
Category Company
Sector Real Estate
Employees2,500
Revenue 5.7B USD (2023)
DESCRIPTION
Simon Property Group's corporate headquarters in Indianapolis, Indiana.
Simon Property Group's corporate headquarters in Indianapolis, Indiana.

Simon Property Group is a self-managed real estate investment trust (REIT). The Company owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets, The Mills, and community/lifestyle centers. Simon Property Group is based in Indianapolis, Indiana.

DEAL STATS #
Overall 3 of 3
Sector (Real Estate) 2 of 2
Type (Merger) 1 of 1
State (Michigan) 1 of 1
Country (United States) 3 of 3
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-15 Aeropostale

New York, New York, United States

Aeropostale, Inc. is a mall-based, specialty retailer of casual apparel and accessories, principally targeting 14 to 17 year-old women and men. Aéropostale provides customers with a focused selection of high-quality, active-oriented, fashion and fashion basic merchandise at compelling values.

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Product

Company

Legal