M&A Deal Summary

The Blackstone Group Acquires American Campus Communities

On April 19, 2022, private equity firm The Blackstone Group acquired real estate company American Campus Communities for 12.8B USD

Acquisition Highlights
  • This is The Blackstone Group’s 10th transaction in the Real Estate sector.
  • This is The Blackstone Group’s 10th largest (disclosed) transaction.
  • This is The Blackstone Group’s 195th transaction in the United States.
  • This is The Blackstone Group’s 34th transaction in Texas.

M&A Deal Summary

Date 2022-04-19
Target American Campus Communities
Sector Real Estate
Buyer(s) The Blackstone Group
Deal Type Going Private
Deal Value 12.8B USD
Advisor(s) BofA Securities
KeyBanc Capital Markets (Financial)
Dentons (Legal)

Target

American Campus Communities

Austin, Texas, United States
American Campus Communities is the nation’s largest developer, owner, and manager of high-quality student housing communities. American Campus Communities was founded in 1993 and is based in Austin, Texas.

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Buyer(S) 1

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 394.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.


DEAL STATS #
Overall 310 of 362
Sector: Real Estate M&A 10 of 12
Type: Going Private M&A Deals 32 of 41
State: Texas M&A 34 of 37
Country: United States M&A 195 of 230
Year: 2022 M&A 7 of 12
Size (of disclosed) 10 of 183
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-14 Mundys

Rome, Italy

Mundys is an investment holding company through its subsidiaries, engages in the construction and operation of motorways, airports and transport infrastructure, parking areas, and intermodal systems worldwide. Mundys was formed in 1950 and is based in Rome, Italy.

Buy $54M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-10 Geosyntec

Boca Raton, Florida, United States

Geosyntec is a consulting and engineering firm that works with private and public sector clients to address new ventures and complex problems involving the environment, natural resources, and civil infrastructure. The company is a vibrant, practice-centered business with a strong desire for continuous self-improvement and ongoing reinvention to meet the evolving needs of current clients and to productively engage with new ones. Geosyntec was formed in 1983 and is based in Boca Raton, Florida.

Buy -