Announced
Completed
Financials
Tags
student accommodation business
Majority
student accommodation
Private
Private Equity
United Kingdom
Acquisition
Single Bidder
Real Estate Services
Friendly
Completed
Synopsis
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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