.
MergerLinks Header Logo

New Deal


Announced

Completed

Grainger completed the acquisition of The Forge from Moorfield Group for £57m.

Financials

Edit Data
Transaction Value£57m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Real Estate

Completed

Domestic

Real Estate Holding and Development

newcastle

United Kingdom

Private

Private Equity

Friendly

Acquisition

Majority

Single Bidder

Synopsis

Edit

Grainger, a provider of private rental homes, completed its acquisition of The Forge, an apartment building in Newcastle, from Moorfield Group, a private equity firm, for £57m ($81m). "The Forge is proven as a great place to live, and, provides us with immediate rental income, further boosting our ambitious growth plans," Helen Gordon, Grainger CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

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

CONTACT US