M&A Deal Summary

Ventas Acquires Cogdell Spencer

On April 2, 2012, Ventas acquired real estate company Cogdell Spencer from Lubar for 770M USD

Acquisition Highlights
  • This is Ventas’ 7th transaction in the Real Estate sector.
  • This is Ventas’ 7th largest (disclosed) transaction.
  • This is Ventas’ 6th transaction in the United States.
  • This is Ventas’ 1st transaction in North Carolina.

M&A Deal Summary

Date 2012-04-02
Target Cogdell Spencer
Sector Real Estate
Buyer(s) Ventas
Sellers(s) Lubar
Deal Type Add-on Acquisition
Deal Value 770M USD

Target

Cogdell Spencer

Charlotte, North Carolina, United States
Cogdell Spencer specializes in the ownership, development, acquisition, management, and leasing of medical office buildings and healthcare related facilities.

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Buyer(S) 1

Buyer

Ventas

Chicago, Illinois, United States

Category Company
Sector Real Estate
Employees486
Revenue 4.5B USD (2023)
DESCRIPTION

Ventas is a real estate investment trust (REIT), with a highly diversified portfolio of nearly 1,500 seniors housing communities, medical office buildings, skilled nursing facilities and hospitals in 46 states, the District of Columbia and two Canadian provinces. Ventas is based in Chicago, Illinois.


DEAL STATS #
Overall 7 of 12
Sector (Real Estate) 7 of 11
Type (Add-on Acquisition) 6 of 7
State (North Carolina) 1 of 1
Country (United States) 6 of 11
Year (2012) 1 of 1
Size (of disclosed) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-01 Nationwide Health Properties

Newport Beach, California, United States

Nationwide Health Properties LLC is a real estate investment trust (REIT) invests in healthcare-related senior housing and long-term care properties in US.

Buy $7.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-02 American Realty Capital Healthcare Trust

New York,, New York, United States

American Realty Capital Trust is a REIT that acquires, owns and operates single-tenant freestanding commercial properties. The company’s diversified real estate portfolio is comprised of long-term, net leases with primarily investment-grade tenants. American Realty Capital Trust’s primary goal is to provide durable, reliable income for investors through the delivery of dependable monthly dividends.

Buy $2.6B

Seller(S) 1

SELLER

Lubar

Milwaukee, Wisconsin, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Lubar & Co. is a private investment firm that seeks control or minority investments in Midwest US-based companies from the Great Lakes to Texas. The Firm looks for businesses with at least $15 million of revenue and valued between $15 and $100 million. Sectors of interest include niche manufacturing, business services, energy, architecture/engineering/construction, healthcare products and services, and asset management. Prospective transaction situations can include management buyouts, generational changes of ownership, recapitalizations, corporate divestitures, late-stage growth equity, and co-investments with other private equity firms. Lubar & Co. was formed in 1968 and is based in Milwaukee, Wisconsin.


DEAL STATS #
Overall 5 of 7
Sector (Real Estate) 1 of 1
Type (Add-on Acquisition) 4 of 5
State (North Carolina) 1 of 1
Country (United States) 5 of 7
Year (2012) 1 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-16 Drilltec

Houston, Texas, United States

Drilltec is a manufacturer of thread protectors and protective systems for the Oil Country Tubular Goods market. Drilltec was founded in 1979 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-03 Erdman

Madison, Wisconsin, United States

Erdman is a healthcare planning, development, and design-build firm, partnering with hospitals, integrated health systems, and physician groups to provide optimal healthcare facility solutions. Erdman was founded in 1951 and is based in Madison, Wisconsin.

Buy -