.
MergerLinks Header Logo

New Deal


Announced

Fortress to invest $540m in Leoplace21.

Financials

Edit Data
Transaction Value£419m
Consideration TypeCash
Capital Owned-
Capital Bid For26%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

Edit

Tags

Edit

Public

Japan

Pending

Single Bidder

rental apartments

Real Estate Services

Private Equity

Acquisition

Cross Border

rental properties

real estae

Minority

Friendly

Synopsis

Edit

Fortress Investment Group, an investment fund, agreed to invest $540m in Leoplace21, a real estate rental services provider. The investment by Fortress comes as Leopalace21, which leases affordable apartment units for their owners. Leopalace21’s balance sheet had been squeezed by costs relating to repairing apartment buildings and falling rental income due to weaker demand due to the from the outbreak of the coronavirus.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US