M&A Deal Summary

The Unite Group Acquires Liberty Living

On July 3, 2019, The Unite Group acquired real estate company Liberty Living from CPP Investments for 1.3B CAD

Acquisition Highlights
  • This is The Unite Group’s 1st transaction in the Real Estate sector.
  • This is The Unite Group’s 0th largest (disclosed) transaction.
  • This is The Unite Group’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2019-07-03
Target Liberty Living
Sector Real Estate
Buyer(s) The Unite Group
Sellers(s) CPP Investments
Deal Type Add-on Acquisition
Deal Value 1.3B CAD

Target

Liberty Living

London, United Kingdom
Liberty Living offers student accommodation in 21 cities across the UK and Europe, we provide all-inclusive student housing & flats up and down the country.

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Buyer(S) 1

Buyer

The Unite Group

Bristol, United Kingdom
Category Company
Sector Real Estate
Employees1,952
Revenue 216M GBP (2020)
DESCRIPTION

The Unite Group is a manager and developer of purpose-built student accommodation serving the country's world-leading higher education sector. Unite currently provides homes for almost 50,000 students in circa 130 properties across 22 leading university towns and cities in England and Scotland. The Unite Group is based in Bristol, the United Kingdom.

DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2019) 1 of 1

Seller(S) 1

SELLER

CPP Investments

Investor Investor Investor Investor Investor

Category Pension
Founded 1997
Size Mega
Type Sector Agnostic
DESCRIPTION

CPP Investments is a Canadian pension fund focused on a variety of investing strategies, including public equities, debt, and alternative investments. The Firm's private equity arm looks to acquire direct stakes in private companies, as well as make fund investments and acquire secondary positions. For direct stakes in companies, CPP looks to invest across North American and Europe and seeks to commit a minimum of $150 million per transaction. CPP has no industry preferences however the Firm will not invest in real assets. CPP Investments was established in 1997 and is based in Toronto, Ontario.

DEAL STATS #
Overall 5 of 13
Sector (Real Estate) 1 of 1
Type (Add-on Acquisition) 4 of 7
Country (United Kingdom) 1 of 2
Year (2019) 2 of 4
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-21 Premium Brands

Richmond, British Columbia, Canada

Premium Brands is a manufacturer and distributor of food products in Canada and the United States. Premium Brands was incorporated in 1917 and is headquartered in Richmond, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-01 Refinitiv

New York, New York, United States

Refinitiv is a large provider of financial markets data and infrastructure, serving over 40,000 institutions in over 150 countries. It provides data and insights, trading platforms, market data infrastructure and open technology platforms that support and connect the global financial markets community. Refinitiv was formerly known as Thomson Reuters Financial & Risk and is based in New York.

Sell $27.0B
Mergr

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