Acquisition of TriGranit by Revetas from TPG

Acquisition of TriGranit, provider of real estate investment, acquisition, development, construction, sale, leasing, and property and asset management services in Poland, Hungary, and Slovakia, by Revetas Capital, a specialist real estate investment manager focusing on the Central and Eastern Europe, from TPG Capital. Terms of the transaction were not disclosed. Eric Assimakopoulos, Managing Partner at Revetas, commented, “Revetas’ acquisition of TriGranit represents the opportunity to create further exceptional real estate developments in key university cities in Central and Eastern Europe, combining both Revetas’ long standing track record in the region as a value-add investor and TriGranit’s exceptional track record as a developer. We are pleased to be partnering with a strong management team in the continuation of delivering high-quality developments into the core real estate segment, which has been the only liquid asset class throughout the region over the past cycles.”