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New Deal


Announced

Blackstone terminated the $3.05bn acquisition of a 91% stake in SOHO China.

Financials

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Transaction Value£2,164m
Consideration TypeCash
Capital Owned-
Capital Bid For91%
EV/Sales17x
EV/EBITDA14x
Share Price Premium31.6%
One Off Charge-

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Private Equity

Single Bidder

Cross Border

property development

China

Acquisition

Majority

Real Estate Holding and Development

Public

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Synopsis

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The Blackstone Group terminated the $3.05bn acquisition of a 91% stake in SOHO China, a Chinese building developer. The US private equity group had made its offer conditional on approval by the country’s competition authorities and in a joint statement, Blackstone and Soho China said they would not be able to receive antitrust approval in the agreed-upon timeframe.

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