M&A Deal Summary

TPG and Link Logistics Acquire Strategic Office

On September 12, 2016, private equity firm TPG and Link Logistics acquired real estate company Strategic Office

Acquisition Highlights
  • This is TPG’s 7th and Link Logistics’ 2nd transaction in the Real Estate sector.
  • This is TPG’s 185th and Link Logistics’ 2nd transaction in the United States.
  • This is TPG’s 7th and Link Logistics’ 1st transaction in Arizona.

M&A Deal Summary

Date 2016-09-12
Target Strategic Office
Sector Real Estate
Buyer(s) TPG
Link Logistics
Deal Type Buyout (LBO, MBO, MBI)

Target

Strategic Office

Phoenix, Arizona, United States
Strategic Office is a platform that will aggregate a diverse portfolio of single-tenant office assets in high-growth metropolitan areas in the United States. Strategic Office was formed in 2016 and is based in Phoenix, Arizona.

Search 202,137 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 2

Buyer

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 272 of 421
Sector (Real Estate) 7 of 9
Type (Buyout (LBO, MBO, MBI)) 35 of 47
State (Arizona) 7 of 8
Country (United States) 185 of 276
Year (2016) 14 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-07 McAfee

San Jose, California, United States

McAfee delivers proactive and proven security solutions and services that help secure systems and networks around the world, McAfee protects consumers and businesses of all sizes from the latest malware and emerging online threats. McAfee's solutions are designed to work together, integrating anti-malware, antispyware, and antivirus software with security management features that deliver unsurpassed real-time visibility and analytics, reduce risk, ensure compliance, improve Internet security, and help businesses achieve operational efficiencies. McAfee was formed in 1987 and is based in San Jose, California.

Buy $4.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-21 e.l.f. Cosmetics

Oakland, California, United States

e.l.f. began primarily as an online retailer of beauty products giving it a unique digital presence and establishing it as an online beauty authority. e.l.f. Cosmetics was founded in 2004 and is based in Oakland, California.

Sell -
Buyer

Link Logistics

New York, New York, United States

Category Company
Sector Real Estate
Employees100
DESCRIPTION

Link owns and operates a ortfolio of logistics real estate, leasing warehouse space to everyone from e-commerce giants to mom-and-pop shops. The company specializes in acquiring and managing single-tenant, net-leased industrial and office properties purchased through sale-leaseback transactions or directly from property developers and owners.


DEAL STATS #
Overall 2 of 2
Sector (Real Estate) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Arizona) 1 of 1
Country (United States) 2 of 2
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 Chambers Street Properties

Princeton, New Jersey, United States

Chambers Street Properties is a real estate investment trust (REIT). The Company focuses on acquiring, owning and managing net leased industrial and office properties leased to creditworthy tenants.

Buy -