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New Deal


Announced

Wellcome Trust to acquire Urban&Civic for $660m.

Financials

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Transaction Value£506m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium65.3%
One Off Charge-

Tags

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Domestic

Single Bidder

United Kingdom

Acquisition

Friendly

Pending

Majority

property development

Real Estate Holding and Development

Public

Synopsis

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Wellcome Trust, a non-profit organization that offers medical and health facilities, agreed to acquire Urban&Civic, a property investment, allied services, and commercial property development company, for $660m. "The acquisition provides a persuasive outcome for all stakeholders. The proposal rests on comprehensive industrial logic. Wellcome is steeped in property experience and has a strong record of alternative asset class investment," Alan Dickinson, U&C Chairman.

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