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M&A Deal Summary

The Blackstone Group Acquires Office Group

On June 19, 2017, private equity firm The Blackstone Group acquired real estate company Office Group for 500M GBP

Acquisition Highlights
  • This is The Blackstone Group’s 5th transaction in the Real Estate sector.
  • This is The Blackstone Group’s 114th largest (disclosed) transaction.
  • This is The Blackstone Group’s 20th transaction in the United Kingdom.

M&A Deal Summary
Date 2017-06-19
Target Office Group
Sector Real Estate
Buyer(s) The Blackstone Group
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 500M GBP

Target

Office Group

London, United Kingdom
Office Group is a provider of flexible workspaces that are distinctive by design, supporting businesses and people to thrive. TOG’s in-house design team works with partners who respect the community, history and context of each building to create beautifully inspired spaces where people can do their best work. Office Group was founded in 2003 and is based in London, England.

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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 223 of 362
Sector: Real Estate M&A 5 of 12
Type: Buyout (LBO, MBO, MBI) M&A Deals 62 of 81
Country: United Kingdom M&A 20 of 26
Year: 2017 M&A 10 of 21
Size (of disclosed) 114 of 183
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-13 Equity Office Properties Trust

Chicago,, Illinois, United States

Equity Office Properties Trust, a real estate investment trust (REIT), engages in the ownership, management, development, and operation of office properties in the United States.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-06 ANDMORE

Las Vegas, Nevada, United States

ANDMORE is an owner and operator of showroom space for the furnishings, home decor and gift industries, with 10+ million square feet of world-class exhibition space in High Point, NC and Las Vegas, NV. The Company’s mission is to build and operate an innovative, sustainable, profitable and scalable platform for the furnishings, home decor and gift industries. ANDMORE was founded in 2011 and is based in Las Vegas, Nevada.

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