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New Deal


Announced

Completed

KKR completed the acquisition of a majority stake in FORE Partnership-backed TBC.London.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
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EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Real Estate Holding and Development

Private

Majority

Cross Border

Friendly

Private Equity

property developer

Acquisition

United Kingdom

Single Bidder

Completed

Synopsis

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KKR, a private equity firm, completed the acquisition of a majority stake in FORE Partnership-backed TBC.London, a 3k square foot space that is open to occupiers, and to the wider community. Financial terms were not disclosed. “TBC.London is an exemplary new type of work environment, set to drive positive, systemic change by linking together social and environmental outcomes, which in turn are deeply linked to positive physical and mental wellbeing among our tenants and the wider community. TBC.London will appeal to the new generation of occupiers who understand that a workspace is about much more than just desks and is a crucible of the culture and values of a business. The building has attracted global institutional capital, reinforcing our belief in the strength of the London office market and that this is exactly the kind of building that London needs now," Basil Demeroutis, FORE Manager Partner.

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