Blackstone is set to acquire Tricon, a Toronto-based company, in a deal valued at US$11.25 per share in cash. Tricon owns approximately 38,000 rental homes in the U.S. and apartment buildings in Toronto. This acquisition will be orchestrated as a joint venture between Blackstone Real Estate Partners X and Blackstone Real Estate Income Trust (BREIT). The move reflects Blackstone's renewed interest and deepening involvement in the single-family rental industry. Notably, Blackstone played a pivotal role in developing this market after the 2008 financial crisis. While the company exited the market in 2019, selling its shares in Invitation Homes, it made a return with investments in Tricon in 2020 and the acquisition of Home Partners of America in 2021. Source: Earn Your Leisure #Blackstone #Tricon #RealEstate #PropertyMarket #InvestmentDeal

🌐 Unlocking the Mid-Market Puzzle with Westmount! 🔍💼 Embarking on M&A transactions? At Westmount, we hold every piece of the puzzle to ensure your journey is seamless and successful. Whether you're eyeing an acquisition, contemplating a strategic sale, or seeking capital infusion, we're your comprehensive solution. 💡 Our expertise covers it all — from meticulous deal structuring to navigating complex negotiations. Need fuel for your business tank? We're here to provide the capital edge. Consider us your one-stop hub for transformative mid-market transactions. 🚀 Join hands with Westmount, where we're not just advisors; we're architects of your success story. From MVP aspirations to the grandeur of an IPO, every move is calculated, and every piece fits perfectly into the puzzle of your business evolution. Ready to navigate the intricate world of M&A with confidence? Let's connect and piece together your success in the mid-market landscape! 💼🔗 #MidMarketTransactions #MergersAndAcquisitions #StrategicAdvisory #Westmountcapitalpartners #westmountventures

Supported by Equistone, Centre for Private Equity and MBO Research (CMBOR) recently released its half-year data, which evidenced a positive uplift in dealmaking activity across the North of England, with the value of North West-based deals growing by 90% compared to H1 2023. Deal volume in Yorkshire and the Humber also grew from seven buyouts in H1 2023, to 13 buyouts in H1 2024 – an 85% increase year on year. “It’s really encouraging to see buyout activity picking up in the first half of this year, which is indicative of a nationwide increase in activity. “We are expecting this increase in activity to continue into the rest of 2024, with a number of strong management teams looking for investment across the North. There are some highly attractive companies coming to market throughout the rest of 2024.” Andi Tomkinson, Partner at Equistone Partners Europe. Read the full press release here: https://lnkd.in/eY4sXFCc

Blackstone doubles down on the U.S. housing market with acquisition of Tricon and its ~38,000 homes It's mostly single-family rental homes in the U.S. Sun Belt. ResiClub reached out to Parcl Labs to get a real-time breakdown of Tricon Residential’s U.S. single-family ownership. According to Parcl Labs, the biggest U.S. markets for Tricon are... Atlanta (7,106 single-family homes) Charlotte (3,986 single-family homes) Dallas (2,921 single-family homes) Phoenix (2,864 single-family homes) Tampa (2,365 single-family homes) https://lnkd.in/gmZ-HvRZ

We are thrilled that Monomoy was recently nominated for eight awards across seven categories for the 23rd Annual M&A Advisor Awards. Among its nominations, Monomoy is listed as a finalist for Private Equity Firm of the Year. Additionally, our sales of Shaw Development, LLC and Sportech, as well as our acquisition of Waupaca Foundry, were recognized across several transaction-related categories. Finally, Renn Iaboni is nominated for Business Development Professional of the Year for the second year in a row! The M&A Advisor awards recognize excellence in categories including M&A, Private Equity, Corporate Strategy, Cross-Border, and Financing Deals of the Year. This year’s finalists represent over 450 participating companies and will be evaluated by an independent panel of industry experts. Winners will be announced in November during the 2024 Future of Dealmaking Summit in New York City. Congratulations to all the companies nominated and celebrated! To view Monomoy’s full list of nominations this year, please visit: https://lnkd.in/excwXVkW #mergersandacquisitions #privateequity #MAAdvisor #dealmaking *These recognitions are presented by M&A Advisor, an independent third party, as part of its 23rd Annual M&A Advisor Awards for 2024. For each recognition, the finalists are assessed based off the nominees and sponsoring colleagues written responses to questions on each respective application. There were 4-10 finalists selected for each category out of hundreds of entires, however, Monomoy does not know the exact amount of entries received for each category or the exact percentage selected as finalists. These recognitions are not indicative of Monomoy's future performance and do not reflect the experience of Monomoy or its investment professionals. To be considered for each award Monomoy paid a standard application fee but did not provide any compensation to in order to reflect any of these recognitions. Additional information is available upon request.

Montea expands significantly in France with the Reverso portfolio acquisition We’re excited to announce that we are significantly expanding our presence in France through the acquisition of a portfolio referred to as Reverso: 📍 17 new strategically located sites, increasing our French portfolio from 18 to 35 sites 🌍 A built area of ca. 80,000 m² set on a total land area of 650,000 m², offering significant potential for expansion and redevelopment The fully let sites are primarily leased to Jacky Perrenot with an average nine-year fixed term. With this acquisition, Groupe Jacky PERRENOT, one of the leading players in the French transport industry, will become our largest tenant, representing 5.7% of Montea’s portfolio. The net initial yield on the €150.7 million portfolio investment amounts to 5.6%. Over the medium to long term, we expect to bring this up to 7.0% thanks to the significant expansion and redevelopment potential at nearly all sites of this strategically located portfolio Luc Merigneux, MRICS, Country Director Montea France: “At Montea, we strongly believe in long-term value creation. With this portfolio acquisition, we are purchasing a significant land bank leased to a leading player in the French market. We look forward to working with Jacky Perrenot to create value in these strategic locations.” This acquisition solidifies our commitment to creating value for all our stakeholders and building strong, long-term partnerships. #Montea #Reverso youness bimaghra, Nicolas Tamarelle, Laura ESPENON, Naomie Biancheri, Pierre Lecomte, Evelyne Quach, Emile Furia #Acquisition

"J-Long Group (JL) didn’t need any money. They supposedly raised $24M from those 6 investors just last September, which is more than twice the amount of total equity the company had at the end of March 2023. Selling an additional 1.4M shares in this offering is going to do absolutely nothing for them. Sure, they have a section called “use of proceeds” that is standard in every prospectus, where they will use 30% for prospective acquisitions, and 20% for R&D, and 20% to increase warehouse capacity in their zero growth industry, and the rest to pay the costs of the offering, but that is all boilerplate." https://lnkd.in/g-eMHHpE

Blackstone is set to acquire Tricon for $11.25 per share in cash, a deal valued at $3.5 billion. This acquisition price is a 30.35% premium over Tricon’s last closing price and Tricon’s shares surged by about 28% upon the announcement. The deal is expected to close in the second quarter of this year. Tricon owns over 38,000 single-family rental properties in the US. The acquisition of Tricon marks Blackstone’s significant return to the single-family residential business. The Single-Family Rental (SFR) market has been quiet recently with few new homes acquired and rent growth slowing. Blackstone’s move suggests a positive outlook on the SFR market.

 December 2023 Quarterly Report Corporate:  • Post quarter end, the Company’s shares were placed into voluntary suspension pending the announcement of a material transaction and capital raising. As at the date of this report, the transaction details have not been announced.  • The Company’s shares are expected to remain suspended until the proposed transaction is completed. Yilgarn Craton and Albany Fraser Orogen:  • Ionic leach and rock chip samples have been received from the initial reconnaissance field work at Talon Ridge.  • Over 2.5x Li anomaly to background ratio observed in northern sample line.  • Further targets to be followed up David Sumich Bruce Franzen #DMM #Nickel #Lithium #Investing