M&A Deal Summary

The Blackstone Group Acquires The Office Group

On June 19, 2017, private equity firm The Blackstone Group acquired real estate company The 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 105th largest (disclosed) transaction.
  • This is The Blackstone Group’s 20th transaction in the United Kingdom.

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

Target

The Office Group

London, United Kingdom
TOG 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.

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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 131.0B 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 224 of 339
Sector (Real Estate) 5 of 11
Type (Buyout (LBO, MBO, MBI)) 61 of 76
Country (United Kingdom) 20 of 26
Year (2017) 10 of 21
Size (of disclosed) 105 of 172
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.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-06 International Market Centers

Las Vegas, Nevada, United States

International Market Centers is an owner and operator of premier 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.

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