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Announced

Completed

Safestore completed the acquisition of the remaining 80% stake in the Carlyle joint venture for €146m.

Financials

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Transaction Value£123m
Consideration TypeCash
Capital Owned-
Capital Bid For80%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Cross Border

Completed

self-storage

Storage Facilities

Friendly

Belgium

Majority

Private

Single Bidder

Private Equity

Netherlands

Synopsis

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Safestore, a provider of self-storage, completed the acquisition of the remaining 80% stake in the Carlyle joint venture for €146m. "Combining Safestore's highly scalable operating platform and development experience with Carlyle's investment expertise proved to be a successful partnership. We are now exploring further opportunities to work together," Frederic Vecchioli, Safestore CEO.

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