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Announced

Bain Capital and Barber Partners to form a joint venture in a $500m deal.

Financials

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Transaction Value£389m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Private Equity

Real Estate Holding and Development

Friendly

United States

real estate development

Private

Domestic

Joint Venture

warehouse solutions

Single Bidder

Majority

Synopsis

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Bain Capital, an American private investment firm, and Barber Partners, a commercial real estate developer, agreed to form a joint venture in a $500m deal. "Our team has successfully developed ground-up construction of commercial investment properties for a very long time, and we are experts at delivering first-class products to meet tenant/consumer demands. There is no question that there is an enormous need for new, modern cold storage facilities – even before Covid the consumption of prepared and frozen meals was rapidly on the rise," Patrick J. Barber, Barber Partners Chairman of the Board.

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