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New Deal


Announced

KKR to acquire a stake in Mirastar from M7 Real Estate.

Financials

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

Tags

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Private

Real Estate Holding and Development

Single Bidder

United Kingdom

Minority

logistics real estate

Acquisition

real estate developer

Private Equity

Pending

Friendly

Synopsis

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KKR agreed to acquire a stake in Mirastar, a specialist developer, investor and manager of industrial and logistics assets in Europe, from M7 Real Estate, a multi-let real estate asset manager. Financial terms were not disclosed. "Logistics real estate continues to be an attractive market for KKR, despite the challenges of the current market environment, with strong investment fundamentals and future growth drivers. We look forward to building on our existing relationship with Mirastar to leverage these trends, investing in the continued supply of high-quality assets to meet the growing tenant demand evident across Europe and further building KKR's footprint in European logistics," Guillaume Cassou, KKR Partner and Head of European Real Estate.

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