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New Deal


Announced

Completed

Bruntwood, L&G Capital and GMPF completed the £500m investment in Bruntwood SciTech.

Financials

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Transaction Value£500m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Minority

United Kingdom

real estate services

Acquisition

Real Estate Services

Domestic

Private

Completed

Friendly

Single Bidder

Synopsis

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Bruntwood, a real estate company, L&G Capital, a financial services company, and GMPF, a pension fund, completed the £500m investment in Bruntwood SciTech, a provider of office space rental services. "GMPF's investment, alongside the additional capital from Legal & General and assets from Bruntwood, will elevate the potential of Bruntwood SciTech even further, accelerate the delivery of our expansion pipeline, and maintain our market leading position as the workspace provider of choice for innovation-led businesses," Chris Oglesby, Bruntwood CEO, Bruntwood SciTech Executive Chair.

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