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New Deal


Announced

GIC-backed Barzel Properties to acquire 17 properties of GPA for $234m.

Financials

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Transaction Value£174m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Brazil

Pending

Diversified Retailers

Private

Domestic

Real Estate

supermarkets retailers

Acquisition

Majority

Single Bidder

Private Equity

Friendly

Synopsis

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GIC-backed Barzel Properties, an investment fund, agreed to acquire 17 properties of GPA, a Brazilian retailer, for $234m. The properites will then be rented by cash and carry chain Assai for 25 years, which could be extended for an additional 15 years. The deal still requires approval from Brazil's antitrust watchdog.

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