New Deal

Announced

5 Apr 2018

Completed

16 Jul 2018

Blackstone acquired Hispania SOCIMI for $2.8bn.

Financials

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Transaction Value£2,003m

Consideration TypeCash

Capital Owned17%

Capital Bid For83%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

bidder

Blackstone Group

target

Hispania Activos Inmobiliarios Socimi

Sources

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Press release

Hispania - 22 Jun 2018

Press release

Hispania - 20 Dec 2018

Termination Agreement

Hispania - 1 Aug 2018

Press release

Hispania - 16 Apr 2018

Press release

Hispania - 11 Jun 2018

Tags

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real estate assets

Acquisition

Public

Tender Offer

Commercial REITs

Spain

Residential REITs

Friendly

Completed

Private Equity

Single Bidder

Synopsis

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Private equtiy firm Blackstone Group acquired Hispania SOCIMI, a Spanish real estate trust, for $2.8bn. After a revision of the offer, the board of Hispania SOCIMI decided to recommend the offer.

pr advisors

Grupo Albion

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.