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New Deal


Announced

AXA Investment Managers to acquire Groupe Kley from Oaktree.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

France

Real Estate Holding and Development

Private Equity

student housing properties

Private

Single Bidder

Pending

Acquisition

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Synopsis

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AXA Investment Managers, a global asset manager, agreed to acquire Groupe Kley, a fully integrated student housing and co-living operator, from Oaktree Capital Management. Financial terms were not disclosed. “We are looking forward to pursue our development with the support of AXA IM - Real Assets. Since the beginning of our story with Oaktree, we have continuously been thinking forward with the students’ needs at the heart of our strategy. AXA IM - Real Assets shares the same vision and our strong commitment to innovate and adapt their new ways of life,” Jean-Baptiste Mortier, CEO of Groupe Kley.

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