M&A Deal Summary

The Blackstone Group Acquires Embassy Industrial Parks

On May 10, 2021, private equity firm The Blackstone Group acquired real estate company Embassy Industrial Parks from Warburg Pincus for 52.5B INR

Acquisition Highlights
  • This is The Blackstone Group’s 9th transaction in the Real Estate sector.
  • This is The Blackstone Group’s 111th largest (disclosed) transaction.
  • This is The Blackstone Group’s 16th transaction in India.

M&A Deal Summary

Date 2021-05-10
Target Embassy Industrial Parks
Sector Real Estate
Buyer(s) The Blackstone Group
Sellers(s) Warburg Pincus
Deal Type Secondary Buyout
Deal Value 52.5B INR

Target

Embassy Industrial Parks

Bangalore, India
Embassy Industrial Parks is a logistics real estate platform focused on developing large and modern institutional-quality facilities and industrial sheds across key Indian cities. The company targets customers in sectors such as 3P logistics services, e-commerce, FMCG, apparel and retail, pharma and automobile components. Embassy Industrial Parks is based in Bangalore, Karnataka.

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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 285 of 362
Sector: Real Estate M&A 9 of 12
Type: Secondary Buyout M&A Deals 59 of 90
Country: India M&A 16 of 19
Year: 2021 M&A 9 of 27
Size (of disclosed) 111 of 183
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-26 eOne Music

New York City, New York, United States

eOne Music is an independent record label and music management company. eOne Music was founded in 2009 and is based in New York City, New York.

Buy $385M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-20 Lionpoint Group

New York, New York, United States

Lionpoint Group is a global consult tech firm focused on delivering operational transformation and enabling technology solutions to the alternative investments industry. Lionpoint Group provides strategy and project-based services in process optimization, technology implementation, and end-to-end operational improvement across the front, middle and back-office. The company has offices in New York, San Francisco, London, Geneva, and Sydney. Lionpoint Group was founded in 2014 and is based in New York City.

Sell -

Seller(S) 1

SELLER

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 213 of 263
Sector: Real Estate M&A 4 of 5
Type: Secondary Buyout M&A Deals 36 of 47
Country: India M&A 16 of 23
Year: 2021 M&A 7 of 22
Size (of disclosed) 26 of 66
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-26 Parksons Packaging

Mumbai, India

Parksons Packaging is a manufacturer of folding paperboard cartons. It is an end-to-end packaging solutions provider, meeting packaging requirements from conceptualization to product delivery. The markets targeted by Parksons include the food, FMCG and pharma sectors as well as the emerging high growth sectors like apparel, beverages and mobile handsets. Parksons Packaging was founded in 1996 and is based in Mumbai, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-11 Aetion

New York, New York, United States

Aetion is a healthcare technology company that delivers real-world evidence for life sciences companies. The Aetion Evidence Platform analyzes data from the real world to produce transparent, rapid, and scientifically validated answers on treatments, costs, and outcomes. With decades of experience in epidemiology and health outcomes research, Aetion informs healthcare’s most critical decisions to guide treatment development, commercialization, and payment innovation. Aetion is based in New York, New York.

Buy -