IFLR1000

Brookfield £2.4 billion acquisition of Center Parcs

2/6/2015
Investment grade bond/note issue, Public acquisition
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£ 2.4 billion

$ 2.916 billion

Completed

2/6/2015

Overview:

  • Brookfield Asset Management has acquired Center Parcs from Blackstone for £2.4 billion.
  • Center Parcs is a collection of five holiday resorts in the UK.
  • Blackstone had originally looked to exit via an IPO.
  • Brookfield has been actively looking to expand its real estate holdings.
  • Linked to the deal, Center Parcs issued £560 million in secured notes.

Sam Duke - Editor

Jurisdictions:

United Kingdom
Channel Islands: Jersey

Deal types:

Investment grade bond/note issue
Public acquisition

Practice areas:

Capital markets : Debt
M&A

Industry sectors:

Consumer goods and services
Tourism

Firms:
Allen & Overy

Party: Deutsche Bank AG Na ON (Underwriter)

Party: JPMorgan Chase (Underwriter)

Party: Barclays (Underwriter)

Party: HSBC (Underwriter)

Carey Olsen

Party: Center Parcs (Issuer)

Lawyer: Simon Marks

Freshfields Bruckhaus Deringer

Party: Blackstone (Seller)

Party: Center Parcs (Issuer)

Lawyers: Marcus Mackenzie, Simone Bono

Travers Smith

Party: Center Parcs (Target)

Lawyer: Chris Hale

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