IFLR1000

Blackstone Real Estate Partners NKr22 billion acquisition of ten Obligo real estate funds

15/12/2015
Private acquisition
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NKr 22 billion

$ 2.575 billion

Completed

15/12/2015

Overview:

  • Blackstone Real Estate Partners has acquired ten real estate funds managed by Obligo in a NKr22 billion deal.
  • The acquired portfolio includes properties in Norway, Sweden, Germany, the US, Finland, Latvia, France, Slovakia, and Poland.
  • The all-cash deal was the region's largest property transaction since 2008.

Kurt Stumpo - Journalist

Jurisdiction:

Norway

Deal type:

Private acquisition

Practice areas:

Private equity
M&A

Governing law:

Norway

Industry sector:

Real estate

Firms:
BAHR

Party: Blackstone Real Estate Partners (Acquirer)

Lawyer: Lars Kristian Sande

Ellex Klavins

Party: Blackstone Real Estate Partners (Acquirer)

Hengeler Mueller

Party: Blackstone Real Estate Partners (Acquirer)

Lawyer: Thomas Müller

Schjødt

Party: Obligo (Seller)

Lawyers: Ditlef Thaulow, Einar Caspersen

Simpson Thacher & Bartlett

Party: Blackstone Real Estate Partners (Acquirer)

Lawyer: Wheatly MacNamara

White & Case

Party: Blackstone Real Estate Partners (Acquirer)

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