M&A Deal Summary

Universities Superannuation Scheme Acquires Nexus Pine Management

On April 24, 2017, Universities Superannuation Scheme acquired real estate company Nexus Pine Management from Electra

Acquisition Highlights
  • This is Universities Superannuation Scheme’s 1st transaction in the Real Estate sector.
  • This is Universities Superannuation Scheme’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2017-04-24
Target Nexus Pine Management
Sector Real Estate
Buyer(s) Universities Superannuation Scheme
Sellers(s) Electra
Deal Type Add-on Acquisition

Target

Nexus Pine Management

London, United Kingdom
Nexus Pine Management identified a financing requirement for the nursery education sector through the provision of sale and leaseback and in conjunction with a former nursery school chain operator and owner has developed the PINE concept. The company have established and successful track record in Education with PINE I, where it built up a portfolio of 33 educational assets. Nexus Pine Management is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Universities Superannuation Scheme

London, United Kingdom

Category Company
Sector Financial Services
DESCRIPTION

Universities Superannuation Scheme (USS) is the principal pension scheme provided by Universities, Higher Education and other associated institutions.


DEAL STATS #
Overall 2 of 2
Sector: Real Estate M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 2 of 2
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-10 Westerleigh Group

Bristol, United Kingdom

Westerleigh Group is an independent owner and operator of crematoria in the UK. Westerleigh Group was founded in 1990 and is based in Bristol, United Kingdom.

Buy -

Seller(S) 1

SELLER

Electra

London, United Kingdom

Investor


Category Private Equity Firm
PE ASSETS 800M GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Electra is an investment trust quoted on the London Stock Exchange that specializes in private equity investments. Electra's primary focus is on opportunities across Western Europe in a broad array of industries. Electra Private Equity is based in London.


DEAL STATS #
Overall 28 of 32
Sector: Real Estate M&A 1 of 2
Type: Add-on Acquisition M&A Deals 9 of 11
Country: United Kingdom M&A 21 of 25
Year: 2017 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-03 Audiotonix

Chessington, United Kingdom

Audiotonix designs, engineerings, and manufactures professional audio mixing consoles, production software, and ancillary products. With pioneering solutions from premium audio brands Allen & Heath, Calrec, DiGiCo, DiGiGrid, Fourier Audio, Harrison, KLANG: technologies, Slate Digital, Solid State Logic, sonible, and Sound Devices, its products are used extensively in live sound, broadcast, theatre production, installations, houses of worship, TV and film production, music creation and recording studios. Audiotonix is based in Chessington, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-15 AXIO Data Group Holdings

London, United Kingdom

AXIO Data Group Holdings manages a portfolio of market major information businesses. Company serve customers in a range of sectors including: healthcare, aviation, forest products and intellectual property licensing. Company provide critical, often industry-standard, information and tools to help clients make high value decisions.

Sell -