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Announced

Completed

Legal & General and Ancora formed a joint venture.

Financials

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

Tags

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real estate platform

Private

Completed

Cross Border

Acquisition

United States

Friendly

De-SPAC

Merger

Majority

Real Estate Services

Synopsis

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Legal & General, a financial services and asset management company, and Ancora, a real estate developer, formed a joint venture. Financial terms were not disclosed. “Through our partnership with Ancora, we will be able to leverage Legal & General’s significant experience in the science and technology sector in a new international market with strong growth potential. Remaining committed to investing in the real economy to create a better society over the long term, for the first time we take this ethos to an international level beyond the UK’s town and city centres,” Laura Mason, Legal & General Capital CEO.

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