4.21.22 | This week we recognized 5 capital related transactions with a disclosed value of $28.9 Billion USD.
| Deal Size (Bn USD) | Capital Related Transactions |
| $14,800 | KKR-Led Group Offers to Buy Australia’s Ramsay Health Care for Roughly $14.8 Billion |
| $12,800 | Blackstone Buys Student Housing Firm American Campus Communities for Nearly $13 Billion |
| $1,000 | QuadReal and Store Space Forms $1 Billion Self Storage Investment Partnership |
| $291 | D.R. Horton, Inc. Announces Agreement to Acquire Vidler Water Resources, Inc. for $291 Million |
| N/A | WeWork and Yardi Partner to Jointly Create the Next Generation of Workplace Management Software |
| $28,891 | Total |
Additionally, we recognized 1 leadership changes within the industry.
Leadership
Summary of Transaction Headlines
Reuters | “KKR-Led Group Offers to Buy Australia’s Ramsay Health Care for Roughly $14.8 Billion”
A group led by KKR & Co (KKR.N) made an unsolicited near-$15 Billion bid for Ramsay Health Care Ltd (RHC.AX) on Wednesday, underlining buyout funds’ appetite for healthcare assets and pushing the Australian company’s shares by up as much as 30%. If successful, the takeover would rank as the biggest private equity-backed buyout of an Australian company and would be the biggest deal in Australia this year, nearly doubling activity, Refinitiv data shows.
The Wall Street Journal | “Blackstone Buys Student Housing Firm American Campus Communities for Nearly $13 Billion”
Blackstone Inc (BX.N) will buy American Campus Communities Inc (ACC.N) for $13 Billion including debt, the student housing company said on Tuesday, as the world’s biggest alternative asset manager bets on rents rising after colleges reopen. ACC owns 166 properties across 71 university markets including Arizona State University and the University of Texas at Austin. The per-share price of the all-cash deal is $65.47, nearly 14% higher than ACC’s last stock close. Shares of the Austin, Texas-based company surged nearly 13% to $64.84 in premarket trading on Tuesday.
Multi-Housing News | “QuadReal and Store Space Forms $1 Billion Self Storage Investment Partnership”
QualReal Property Group and Store Space Self Storage have formed a strategic partnership to build a $1 Billion portfolio of self storage assets across the U.S. QualReal is planning to commit the majority of the capital for the partnership, while Store Space will bring its in-house technology, property management capabilities, marketing and call center services, as well as its experience with acquisition and developments in the sector.
Business Wire | “D.R. Horton, Inc. Announces Agreement to Acquire Vidler Water Resources, Inc. for $291 Million”
Under the terms of the merger agreement, D.R. Horton, through its directly owned acquisition subsidiary, will commence a tender offer to acquire all outstanding shares of Vidler Water Resources, Inc. (Vidler) for $15.75 per share. Upon the successful completion of the tender offer, D.R. Horton’s acquisition subsidiary will be merged into Vidler, and any remaining shares of Vidler will be canceled and converted into the right to receive the same consideration payable pursuant to the tender offer. Following completion of the merger, the common stock of Vidler will no longer be listed for trading on the Nasdaq. The total equity value of the transaction is approximately $291 Million, and the transaction is expected to close during the second calendar quarter of 2022 subject to customary closing conditions.
PR Newswire | “WeWork and Yardi Partner to Jointly Create the Next Generation of Workplace Management Software”
WeWork, a leading global flexible space provider, is partnering with Yardi®, the leading provider of real estate software, to accelerate speed to market and deliver more enhanced capabilities to the already announced WeWork Workplace product. By partnering, the two organizations will provide companies of all sizes with a universal platform for powering and optimizing flexible workplace strategies.
Hines, the global real estate firm, today announced the creation of a Global Digital Strategy Office (GDSO) and the promotion of three leaders to establish the department. The GDSO will be led by Ilene Goldfine who has been promoted to chief digital strategy officer from senior vice president, business technology, Jeannie Schneider who has been promoted to chief technology officer from senior vice president, IT, and Adam Hastings who has been promoted to chief data officer from senior managing director, corporate analytics.
If you would like to learn more about the large platform events we are tracking, please reach out to David Stanford or John Seaton. If you would like to suggest a news or media outlet that should be considered, please contact us.
Large Platform Events | Issue 26.16
Large Platform Events | Issue 26.15
