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New Deal


Announced

Starwood Capital to invest $325m in TPG RE Finance Trust.

Financials

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Transaction Value£264m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium10%
One Off Charge-

Tags

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Pending

Public

Acquisition

United States

Minority

Single Bidder

Commercial REITs

Friendly

commercial real estate

Private Equity

Synopsis

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Starwood Capital, a global investment firm focused on real estate, agreed to invest $325m in TPG RE Finance Trust, a Maryland corporation that is a commercial real estate finance company. "We are pleased to partner with TPG RE Finance Trust to provide the company with liquidity to navigate this unprecedented period. With this recapitalization and through our new position as a TRTX stakeholder, we firmly believe the company is positioned for sustained long-term success and will generate meaningful value for its shareholders and the partners of our fund moving forward," Ethan Bing, Starwood Capital Managing Director.

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