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New Deal


Announced

Wafra and Welltower to form a $550m joint venture.

Financials

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Transaction Value£411m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Private Equity

United States

Private

Pending

Domestic

medical clinics

Single Bidder

real estate investment

Other Specialty REITs

Joint Venture

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Synopsis

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Wafra, a global alternative investment platform, and Welltower, an S&P 500 healthcare real estate investment trust, agreed to form a $550m joint venture. "Wafra is pleased to launch this partnership with Welltower, whom we regard as a premier owner-operator and leader in medical office and healthcare real estate. Building on Welltower's demonstrated track record, we see compelling opportunities to realize shared success through this partnership. We look forward to expanding our footprint together in these growing sectors with the shared goal of further collaboration on healthcare and other real estate opportunities," Russell Valdez, Wafra Chief Investment Officer.

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