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Announced

Completed

BC Partners completed a €104m investment in Edgar Suites.

Financials

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Transaction Value£89m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Single Bidder

Minority

serviced apartments

Completed

Private

France

Acquisition

Cross Border

Real Estate Holding and Development

apartment rental

Friendly

Private Equity

Synopsis

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BC Partners, a private equity firm, completed a €104m investment in Edgar Suites, a French serviced apartment group. “Through this acquisition, we wish to support Edgar Suites and its managers in their next phase of growth and thus contribute to the emergence of a new class of institutional assets, which will meet the demand for new uses in the hospitality industry and its necessary regulation, alongside local authorities," Thibault Lauprêtre, BC Partners Managing Director.

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