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M&A Deal Summary

The Blackstone Group Acquires Officefirst

On March 31, 2017, private equity firm The Blackstone Group acquired real estate company Officefirst

Acquisition Highlights
  • This is The Blackstone Group’s 4th transaction in the Real Estate sector.
  • This is The Blackstone Group’s 10th transaction in Germany.

M&A Deal Summary
Date 2017-03-31
Target Officefirst
Sector Real Estate
Buyer(s) The Blackstone Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Officefirst

Bonn, Germany
Officefirst is a provider of real estate services. The company owns a high‐quality 100‐asset portfolio of around 1.5 million square metres, more than 90% of which are located in Frankfurt, Munich, Hamburg, Stuttgart, Dusseldorf and Berlin. Officefirst was founded in 2017 and is based in Bonn, Germany.

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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 218 of 362
Sector: Real Estate M&A 4 of 12
Type: Buyout (LBO, MBO, MBI) M&A Deals 61 of 81
Country: Germany M&A 10 of 11
Year: 2017 M&A 5 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-16 Cloudreach

London, United Kingdom

Cloudreach is a cloud computing consultancy, focused on the implementation and operational support of public cloud services, including Amazon Web Services, Microsoft Azure, and Google Cloud Platform. Cloudreach was founded in 2009 and is based in London, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-04 Gokaldas

Bengaluru, India

Gokaldas is a manufacturer of a range of garments for men, women, and children. Gokaldas was founded in 1979 and is based in Bengaluru, Karnataka.

Sell -
Mergr

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