M&A Deal Summary |
|
|---|---|
| Date | 2007-04-18 |
| Target | Extended Stay America |
| Sector | Leisure |
| Buyer(s) | The Lightstone Group |
| Sellers(s) | The Blackstone Group |
| Deal Type | Add-on Acquisition |
| Deal Value | 8.0B USD |
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| Category | Company |
|---|---|
| Founded | 1988 |
| Sector | Real Estate |
The Lightstone Group is a privately held real estate company with interests in residential, office, retail and industrial real estate assets. The company, through its operating entities, Park Avenue Bank, Prime Retail, Prime Group Realty Trust, owns a diversified portfolio of residential units and approximately 30 million square feet of office, industrial and retail properties. Lightstone is headquartered in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector (Leisure) | 1 of 2 |
| Type (Add-on Acquisition) | 1 of 1 |
| State (North Carolina) | 1 of 1 |
| Country (United States) | 1 of 2 |
| Year (2007) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2009-06-15 |
Extended Stay America
Charlotte, North Carolina, United States Extended Stay America is an operator of moderate-price extended-stay hotels in North America, with 600+ hotels and approximately 76,000 rooms located in 44 states and Canada. The Company currently operates under five brands in the extended-stay segment: Extended Stay Deluxe, Extended Stay America, Homestead Studio Suites, StudioPlus and Crossland. Extended Stay America is headquartered in Charlotte, North Carolina. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1987 |
| PE ASSETS | 131.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 City.
| DEAL STATS | # |
|---|---|
| Overall | 35 of 173 |
| Sector (Leisure) | 1 of 12 |
| Type (Add-on Acquisition) | 12 of 67 |
| State (North Carolina) | 1 of 5 |
| Country (United States) | 23 of 105 |
| Year (2007) | 2 of 7 |
| Size (of disclosed) | 7 of 57 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-03-23 |
UKG
Lowell, Massachusetts, United States UKG is a provider of cloud-based workforce management solutions. Company solutions, which include time and labor, scheduling, talent management, human resources, payroll, absence management, labor activity tracking, data collection, self-service and workforce analytics are designed for a wide range of businesses and organizations from single-site to large multi-site enterprises. UKG was founded in 1977 and is based in Lowell, Massachusetts. |
Buy | $1.8B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-04-27 |
SULO Group
Australia SULO was the second largest waste collection service provider in Germany. |
Sell | €1.5B |
