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Announced

17 Sep 2018

Completed

10 Apr 2019

Blackstone acquired Testa Residencial for $2.9bn.

Synopsis

Blackstone acquired Testa Residencial, one of the leading residential rental companies in Spain, for $2.9bn. The deal consolidated Blackstone as the largest real estate owner in Spain.

Principals

target

Testa Residencial Socimi

bidder

Blackstone Group

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Market Context

hogan lovells

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£ 1,155.79 B

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simpson thacher & bartlett

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£ 2,990.89 B

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pricewaterhousecoopers

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£ 491.83 B

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perez llorca

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345

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£ 179.89 B

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morgan stanley

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1942

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£ 5,854.39 B

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bank of america

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£ 3,711.57 B

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cuatrecasas goncalves pereira

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738

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£ 96.89 B

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uria menendez

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278

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£ 174.71 B

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santander

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£ 325.82 B

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credit suisse

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