Real Estate
AnaCap acquires majority stake in property management platform
The GP will look to help Yard Reaas accelerate its international expansion strategy in Southern Europe
Roycian backs McAndrew Martin £7m MBO
A deal-by-deal investor, Roycian has about 35 LPs involved in this transaction
ThinCats launches regional fund
The fund targets midsized SMEs across the UK
Bain Capital acquires and combines two software platforms
The investor made the investments through its Tech Opportunities vintage
Deutsche Invest-backed Brick Group bolts on Tank & Becker
It is the first acquisition since the GP formed Brick Group in 2023
General Atlantic invests in Funda BV
Michel van der Bel, former president of Microsoft in EMEA, has been appointed as chair
H.I.G. Realty creates €1bn resort hotel platform
Ella Hotels & Resorts in Greece will comprise 13 hotels and 4,500 rooms
Lanza Capital closes second parking-focused fund on €550m
Anchor investors include Brookfield Asset Management and Partners Group
Fund in Focus: How Cinven banked $14.5bn for Fund 8
Real Deals catches up with Alexandra Hess, partner and head of investor relations, to discuss how the GP overcame a difficult macro environment to reach the fund’s hard-cap
ScaleUp sells edtech business
The acquisition has been completed by a local family office in collaboration with the management team
Axcel-backed XPartners completes three bolt-ons
The deal will strengthen XPartners’ commitment to sustainability
Fund in Focus: Revaia Fund II holds first close on €150m
Fund II has already invested in three firms, Alice Albizzati tells Real Deals
LDC reaps 3.7x return on iamproperty sale to Perwyn
The GP backed the firm by investing in innovation and making two bolt-ons
LDC secures minority stake in UniHomes
The investment will help the company accelerate its growth ambitions in the UK
Aurelius carves out TM Group from Dye & Durham Corporation
The GP said it sees a number of “compelling” opportunities to build on TM Group’s market position
Vaaka Partners backs merger of Fluxio and Aamu
Fluxio and Aamu will continue as independent brands and the merger will not affect customer contracts.
HIG Capital acquires CLC
HIG’s investment will be focused on broadening CLC's service offering and pursuing a number of bolt-on acquisition opportunities.
Elysian Capital exits United Living Group to Apollo
During the six-year holding period, Elysian supported the company's professionalisation and facilitated a number of add-on acquisitions.
BGF invests £9m in Manchester-based Voicescape
The company, which provides social housing management software, will use the investment to expand its product suite and continue growth of its AI-driven tool.
bValue’s Renters.pl exit to pave way for Enterprise Investors
Enterprise Investors is poised to acquire up to 80% of shares in Renters.pl for up to €19m through its Polish Enterprise Fund VIII.
PAI-backed Apleona to merge with Gegenbauer Group
Former shareholders of the Gegenbauer Group will become shareholders in Apleona, while PAI Partners remains Apleona’s majority shareholder.
Corpfin Capital acquires majority stake in Mediterráneo
Mediterráneo Global's CEO, Carlos Felipe Cabeza, will maintain his stake in the company and continue leading it with the rest of the management team.
Andera Partners exits Hypérion Développement to Crédit Agricole Group
Acquired in July 2017 as part of the Andera Expansion strategy’s €170m Cabestan Capital 2 fund, the investment was a carve-out from the Stelliant Group.
Synova backs MBO of Mallcomm
Synova’s investment will support organic growth, including technology development, as well as strategic acquisitions to enter new geographies and property sectors.
LDC-backed iamproperty bolts on SDL Auctions
The transaction marks the second acquisition since LDC’s investment, following property software supplier VTUK earlier this year.
BGF exits Campion Homes
Under BGF's ownership, Campion Homes trebled in size, taking turnover from £14.6m to over £45m. The Scottish homebuilder is utilising its profit growth and cash generation over BGF’s hold period to buy out the firm's full position.
LDC carves out BCIS
The deal will see BCIS carved out of RICS to become an independent company. The investment will enable the business to further develop its technology platform and data resources.
Polaris acquires Esoft
The Nordic PE investor plans to support the business via a change in ownership and placement of a new group CEO and to strengthen its position in more markets.
Cairngorm Capital backs SageHome
Cairngorm Capital will support SageHome with strategic insight and specific expertise gained from growing aging-in-place businesses.
Beech Tree Private Equity exits Fluent
The transaction sees Beech Tree exit the business to Mortgage Advice Bureau Plc for £95m.
QPE bolts on PREIM
Queens Park Equity's portfolio company Encore has acquired PREIM, a specialist residential managing agent focused on housing developers. QPE initially backed the MBO of Encore in 2021.
Andera MidCap exits Groupe Atland
Andera's MidCap team has exited its holding in the real estate investment business Groupe Atland via a management buy-back.
Bowmark and MML exit The Instant Group following IWG digital merger
The Instant Group is to merge with IWG’s digital business. As part of the transaction, Bowmark will sell its stake in The Instant Group to IWG. The deal also marks an exit for MML Capital.
Palatine acquires affordable home developer
Palatine's investment will support Jessup's plans to innovate, access opportunities in brownfield development, and grow across the East Midlands.
BaltCap exits AS BPT Real Estate
The transaction sees BaltCap Private Equity Fund II (BPEF II) sell its 95 per cent majority stake in BPT to Newsec.
Terra Firma acquires Hopkins Homes
Terra Firma will draw on its track record and expertise in the housebuilding sector to unlock Hopkins market potential, and drive further growth.
Tikehau and Abénex invest in Oryx Group
Tikehau Capital has invested in Oryx Group, alongside French buyout firm Abénex and existing investor Sparring Capital.
LDC’s Lomond Group gets the keys to DJ Alexander
It is the group’s 24th acquisition in 2021, meaning it now manages more than 30,000 properties throughout the UK.
Main Capital acquires Zig
The investment will support Zig as it strengthens its market position as a software provider for the social housing rental sector in the Netherlands.
Ardian backs French digital real estate platform
Ardian Growth has taken a minority stake in Strategie Media Conseil, a French digital real estate classifieds platform.
Andera Acto backs DP Logiciels
Sponsorless mezzanine specialist Andera Acto has invested in real estate software developer DP Logiciels.
Permira buys Engel & Völkers
A company controlled by Permira funds has agreed to acquire a majority stake in Engel & Völkers.
LDC-backed Lomond made 10 bolt-ons in Q1
The series of bolt-ons has allowed the group to expand its presence in the UK, with hubs in Yorkshire, Edinburgh, Aberdeen, Manchester, Birmingham and Brighton.
Revealed: Future 40 Investment Leaders 2021
This year’s Future 40 Investment Leaders in association with Board Equity, highlights dealmakers who were able to navigate and achieve successful exits in the year that was 2020.
Consortium of PE firms back iad International
IK Investment Partners, Five Arrows Principal Investments, and Naxicap Partners have signed an agreement for Insight Partners to invest in iad International.
Equistone sells Oikos Group to Goldman Sachs fund
Equistone Partners Europe has sold its majority stake in Oikos Group to West Street Capital Partners VIII, a fund managed by Goldman Sachs.
LDC backs £100m estate agency merger
LDC has supported Linley & Simpson in 18 acquisitions since it invested in 2018.
LDC’s Linley & Simpson seals fourth acquisition since lockdown ended
The Leeds-headquartered estate agency has bought the lettings arm of Simon Blyth as part of a buy and build strategy.
MML exits Property Information Exchange
The deal marks MML’s fourth exit in 2020 and delivers another strong return against a challenging economic backdrop.
Oakley sells Italian real estate marketplace to EQT
Under Oakley’s ownership, Casa.it expanded it's customer base. EQT's investment will support Casa’s further penetration into the Italian market and the development of the business's online platform.
DBAG invests in Multimon AG
DBAG will acquire a majority stake in the fire protection systems business from the Multimon founder and other shareholders. The management team will also retain a stake in the business.
KKR invests in European logistics real estate platform
KKR has acquired a strategic stake in Mirastar, a specialist developer, investor and manager of industrial and logistics assets in Europe.
Blackstone buys iQ from Goldman Sachs for £4.7bn
The deal is the UK’s largest private real estate transaction and comes as private equity firms look to throw their weight behind the student accommodation market.
GPF Capital’s real estate arm buys Madrid’s Axis Building
GPF Capital’s recently launched real estate arm has agreed with CBRE Global Investors to purchase the Axis Building in Madrid for c.€100m (£85.6m).
Eurazeo Patrimoine exits CIFA to Mata Capital for 2.2x
The sale represents €57m for Eurazeo’s stake, generating a multiple of 2.2x and an IRR of about 18 per cent.
HIG Capital invests in Greek property company
HIG Capital has invested in Greek-based property and development company Dimand SA to take advantage of the country’s recovering real estate market.
H.I.G. Capital invests in luxury complex near Venice
H.I.G. Capital has invested in luxury complex Portopiccolo, located near Venice and which includes 203 high-end residential apartments, a five-star hotel and 110 marina berths.
Aurelius sells GHotel Group for €63m
Aurelius has achieved a total liquidity related return of about €73m over its period of investment.
The rise of the B-Corp movement
As LPs look increasingly at ways to diversify their portfolios, a B-Corp stamp of approval can be the golden ticket, with the added benefit that there is likely to be less due diligence required in a B-Corp sale.
Three Hills Capital acquires Borealis Hotel Group
The investment was made through the firm’s third fund, which closed in 2019 with €540m of commitments.
LBO France buys Saint Denis office building
LBO France has deployed its Lapillus II real estate investment fund to invest in the building.
Pension scheme commitments to private equity swell in September
Thirty public pension plans made a total of 105 commitments worth $9.13bn to private equity in September 2019, according to eVestment Private Markets Monitor.
LDC-backed Linley & Simpson buys Beercocks’ lettings arm
The deal is Linley & Simpson’s ninth to take place since LDC backed the company in June 2018.
Tikehau acquires The Walnuts Shopping Centre
Tikehau’s Real Estate Value-Added Fund launched in 2018. This is its sixth investment overall and second based in the UK.
Procuritas’ TSN expands Danish footprint with GSV acquisition
The combined business is expected to have a pro-forma turnover of c.425m SEK.
Hotel deal activity cools in H1 2019
Hotel deal activity has dropped by 35 per cent year-on-year to £2.6bn in the first half of this year, figures from PwC have shown.
Exclusive: OakNorth provides £20m loan to RAW Mortgage Fund
The RAW Fund has originated over 200 loans and will use the finance from OakNorth as a liquidity line.
Altamar launches healthcare property investment vehicle
The new vehicle comprises 20 assets within its portfolio with an initial investment of over €250m, and an investor base led by Altamar.