KKR completed the acquisition of a 5.35% stake in Great Portland Estates for $95m.

Financials

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Transaction Value£74m

Consideration TypeCash

Capital Owned-

Capital Bid For5%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

target

Great Portland Estates

bidder

Kkr & Co

Sources

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RNS Announcement

Great Portland Estates - 25 Sep 2020

Tags

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Public

Friendly

United Kingdom

Completed

Minority

property development

Single Bidder

Private Equity

Acquisition

Cross Border

Real Estate Holding and Development

Synopsis

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KKR completed the acquisition of a 5.35% stake in Great Portland Estates, a British property development and investment company, for $95m. The acquisition makes KKR the sixth largest shareholder of Great Portland.