PBSA News’ Post

We recently advised Hines on its acquisition of three self-storage assets in Kent as it sets out a course to build a European self-storage portfolio worth over £200 million.   The acquisition was made on behalf of Hines European Real Estate Partners III, and represents the fund’s first step into the European self-storage sector. The deal will lay the foundation for further acquisitions, developments and repositioning opportunities in this high conviction sector.   The BCLP team was led by Emma Le Wita, Adam Bogdanor and Chris De Pury, aided by Hannah Westcott, Jacquelynne Baey and Maria Diaz-Narvaez   For further details, click the link below.   #SelfStorage #Investment #Industrials #RealEstate

📝Arrow Global Group announces acquisition of Amitra Capital from CPP Investments | Investissements RPC. The move will strengthen Arrow Global's position in the Iberian market and it's long-term relationship with CPP. "We are excited to extend our platform and servicing capabilities into this key European market and look forward to expanding our partnership with CPP Investments in providing access to investment opportunities, expanding market presence, and delivering value to our clients.” - Zachary Lewy, Founder, CEO and CIO at Arrow Global "We have built a strong asset management business in Amitra Capital which is complementary and valuable to Arrow’s franchise, can access the scale and scope of their platform and we look forward to seeing the combined business move from strength to strength." - Derek Jackson, Managing Director, Head of European Creditat CPP Read more about the acquisition and how it will strengthen Arrow Group's position and expertise, via the article linked below. 👇 https://lnkd.in/dKVGYFYC #acquisition #Spain #expansion ---- 💡 Follow PropTech Connect for daily #RealEstate and #PropTech news and insights.

#DidYouKnow #Secondaries are the only asset class where fourth-quartile-performers are reporting #Profits, according to Bain & Co. Not a surprise then that the M&A activity is absolutely booming in this thriving space of the financial services.

A wave of consolidation is sweeping through the private equity secondaries market, as larger asset managers and traditional buyout firms seek to expand their capabilities in this rapidly growing asset class. Sixth Street, Bridgepoint Group and First Eagle Investment Management are reportedly among the suitors pursuing Kline Hill Partners. The Greenwich, Con.-based firm in February publicly disclosed in SEC filings that it had begun raising its Kline Hill Partners Fund V. In a July filing, Kline Hill reported it was nearing its $1.6 billion target, triple the $525 million raised for Fund IV. If Kline Hill is ultimately acquired by a large asset manager, it will be just the latest in a string of similar deals over the last three years: - CVC Capital Partners acquired Glendower Capital. - TPG (Nasdaq: TPG) purchased NewQuest Capital Partners. - Oaktree Capital Management made a strategic investment in 17Capital. - Franklin Templeton purchased Lexington Partners. - Ares (NYSE: ARES) acquired Landmark Partners More recently, Wendel Group CEO Laurent Mignon, in announcing the French shop’s acquisition of private credit provider Monroe Capital on Tuesday, also says the firm is interested in acquiring a secondary provider.   Secondaries are the only asset class where fourth-quartile-performers are reporting profits, according to Bain & Co.

New Real Estate play, Pristine Capital Plc (#PRIS), is primed and ready to make its first acquisition with Executive Chairman Neil Sinclair, confident now is a "golden opportunity" for commercial real estate investment. Watch the full interview here ▶️ https://lnkd.in/eATez5ay Pristine Capital Plc (PRIS.L) is a main market listed cash shell focused on making acquisitions in the commercial real estate sector. With the highly experienced management team from Palace Capital in place, the company believes there is a "Golden opportunity" to acquire overleveraged commercial real estate portfolios or distressed single assets. Executive chairman, and 7% shareholder, Neil Sinclair says the immediate aim is to buy a portfolio or a company with assets valued between £30m to £50m in the form of a reverse takeover. In this interview investors will learn: - What experience the board brings to Pristine Capital and the value they created for shareholders in the past - When the company anticipates it will complete its maiden acquisition - How the company intends to grow the business after the first acquisition is completed - Why Pristine believes the macro conditions are favourable for the commercial real estate sector - Which shareholders have come on to the register since new management came on board Reasons to add PRIS to your watchlist: - Listed on the Main Market of the London Stock Exchange (PRIS.L) and successfully raised £1.2m in March 2022 - In January 2024, Neil Sinclair, Stanley Davis and Andrew Perloff subscribed for £312,000 of new shares at £0.01 per share taking control of the Board - Significant management expertise including listing multiple companies, building a portfolio with a value of £280mln and paying dividends to shareholders - Distressed Real Estate market presents the opportunity to rapidly create a high income and high growth portfolio - A number of discussions now underway for suitable commercial Real Estate acquisition targets, either a commercial portfolio or private property company - Gap in the real estate sector for a high-growth, small-mid cap property investment play - Alternative funding available to listed entities through issue of ordinary shares to the vendors to rapidly move to scale - Senior management fully aligned with external shareholders - Timely opportunity for significant out-performance as investor sentiment recovers on the London Stock Exchange in general and improving real estate sector valuations in particular Neil Sinclair, Chairman of Pristine Capital, was interviewed by Sarah Lowther for focusIR Stanley Davis Allenby Capital Guy McDougall Nick Naylor

Goldman Sachs and Generation Partners acquire two PBSA assets: https://lnkd.in/gaP598-S cc Chris Semones, Sonia Wang, CFA and Savills #pbsanews #pbsa #residential #acquisitions #investment #studentaccommodation #builtenvironment #investors

US Private Equity group plans one of Europe’s biggest deals between buyout firms. TPG is nearing a deal to buy German metering company Techem for up to €7bn. In a significant move within the European private equity landscape, TPG, a leading US-based private equity firm, is reportedly close to acquiring Techem, a German metering company, in a deal valued at around €7 billion. This acquisition would rank among the largest transactions between buyout groups in Europe this year. Techem, founded in 1952, is a global leader in metering solutions, providing valuable data on energy and water usage to homeowners and tenants. With a vast network of over 60 million devices worldwide and a strong presence in Germany, Techem has established itself as a key player in the metering industry. The company's operations align well with the growing investor interest in the sector, driven by the energy transition and increasing consumer demand for sustainable power usage. The acquisition of Techem by TPG comes amidst a backdrop of heightened activity in the metering industry. Last year, KKR, another prominent private equity firm, acquired Smart Metering Systems in the UK for £1.4 billion. This deal showcased the significant potential and value of the metering sector, attracting the attention of investors seeking to capitalise on the industry's growth prospects. TPG's proposed acquisition of Techem is also motivated by the need to deploy capital and generate returns for its investors. With a slowdown in initial public offerings and takeovers, private equity firms are under increasing pressure to distribute cash to their backers. By investing in Techem, TPG aims to secure a substantial return on its investment and provide value to its shareholders. To support this significant acquisition, TPG has secured the participation of GIC, the Singaporean sovereign wealth fund. GIC will invest alongside TPG in the deal, contributing to the overall financing required to complete the transaction. TPG will make this investment through its TPG Rise Climate fund, which focuses on sustainability-focused investments, aligning with Techem's role in the energy transition. Additionally, CDPQ, a major shareholder in Techem, is selling its 24.5% stake as part of the deal. CDPQ's decision to divest its interest in Techem reflects the changing dynamics of the market and the opportunity to realise a return on its investment. If finalised, the sale of Techem to TPG by Partners Group would be one of the largest deals between private equity firms in Europe this year. Partners Group, which acquired Techem in 2018 for €4.6 billion, has been actively involved in the company's growth and development. #PrivateEquity #MergersAndAcquisitions #EnergyTransition #Metering #Techem #TPG #PartnersGroup #GIC #CDPQ #Investment #Business #Finance #DealMaking #Europe

IP Capital Plans CRE Buying Wave in Florida, SE: IP Capital Partners is gearing up for its next wave of acquisitions, with a focus on distressed and value-add commercial properties, after completing the initial closing of IPCP Florida Realty Value Fund IV LP. The initial closing yielded $95.4 million in equity to target industrial and office assets in the southeastern U.S., with an emphasis on ... The post IP Capital Plans CRE Buying Wave in Florida, SE appeared first on Connect CRE.

RMZ & CPP Investments Complete Divestment Of One Paramount 1 Read More- https://lnkd.in/g3GRpf4C RMZ CPP Investments | Investissements RPC #RMZCorporation #CPPInvestments #RealEstateTransaction #IndiaCommercialRealEstate #KeppelLtd #ForeignInvestment

Industry News Update 📢 Exciting developments in the ECEC sector! Arena REIT has recently made significant acquisitions and launched a corresponding capital raise, demonstrating their continued focus on expanding and enhancing ECEC services. This move underscores the growing investment and confidence in the childcare sector. Read full article from The Sector: https://lnkd.in/g73JUrKS #ChildcareRealEstate #ECEC #IndustryNews #ArenaREIT