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New Deal


Announced

Completed

Blackstone completed the acquisition of iQ from Goldman Sachs for $6bn.

Financials

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Transaction Value£4,660m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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student accommodation business

Majority

student accommodation

Private

Private Equity

United Kingdom

Acquisition

Single Bidder

Real Estate Services

Friendly

Completed

Synopsis

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Blackstone Group completed the acquisition of British student accommodation company iQ, from Goldman Sachs' merchant banking unit and medical charity Wellcome Trust for $6bn. "This deal is a testament to our long-term belief in the UK. British higher education is globally renowned and we are delighted to invest meaningful capital to support IQ’s further growth,” James Seppala, Blackstone Head of European Real Estate.

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