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Announced

Completed

Neuberger Berman-backed Almanac Realty Investors completed a $200m investment in Klein Enterprises.

Financials

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Transaction Value£144m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Real Estate Holding and Development

real estate development

Completed

Private Equity

Acquisition

Friendly

United States

Minority

Domestic

Single Bidder

Private

Synopsis

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Neuberger Berman-backed Almanac Realty Investors, a provider of growth capital, completed a $200m investment in Klein Enterprises, a company offering real estate development services. “This strategic partnership represents the next phase of our growth strategy and we’re honored to work with such a distinguished organization to drive us forward. We view Almanac to be a best-in-class provider of growth capital to real estate companies, and we believe now is the right time to establish a partnership based on the opportunities we see and where we are in our company’s trajectory," Daniel Klein, Klein Enterprises President.

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