IFLR1000

Sovran Self Storage $1.3 billion acquisition of LifeStorage

19/5/2016
Public acquisition
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$ 1.3 billion

Completed

19/5/2016

Overview:

  • Sovran Self Storage has acquired LifeStorage for $1.3 billion.
  • Sovran is a real estate investment trust (REIT).
  • The purchase expands Sovran's presence geographically, especially in the Western US.
  • Hogan Lovells (Bruce Gilchrist) and Phillips Lytle advised Sovran.
  • Latham & Watkins (David Meckler, Julian Kleindorfer, Paul Tosetti) advised LifeStorage.

Kurt Stumpo - Journalist - North America and the Caribbean

Jurisdiction:

United States

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

United States

Industry sector:

Consumer goods and services

Firms:
Hogan Lovells

Party: Sovran Self Storage (Acquirer)

Latham & Watkins

Party: LifeStorage (Target)

Phillips Lytle

Party: Sovran Self Storage (Acquirer)

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