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Announced

Completed

Blackstone completed its acquisition of Excel Trust for $2bn.

Financials

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Transaction Value£1,350m
Consideration Type-
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Private

Completed

Friendly

Single Bidder

Real Estate Holding and Development

real estate

United States

Private Equity

Synopsis

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Blackstone, an investment company, completed its acquisition of Excel Trust, a real estate investment trust, for $2bn. "In 2010 we set out to assemble a strong portfolio of open-air centers that would generate attractive returns. We greatly appreciate the trust our shareholders placed in us, and are pleased to see our efforts validated through this transaction with Blackstone." Gary B. Sabin, Excel Trust Chairman and Chief Executive Officer.

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