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New Deal


Announced

Blackstone and Hiranandani Group to form a joint venture.

Financials

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

Sources

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Tags

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India

Joint Venture

Pending

Friendly

Private

Private Equity

Single Bidder

Real Estate Holding and Development

real estate developer

Synopsis

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Blackstone and Hiranandani Group, a housing services provider, agreed to form a joint venture. Financial terms were not disclosed. “We have a very bullish view on the economy in the long term. Logistics and warehousing will be one of the major beneficiaries of this growth. The joint venture’s investment will also contribute to economic growth as well as employment generation in the relevant locations,” Hiranandani.

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