Blackstone has agreed to buy real estate investment company Sponda (HEL: SDA1V) in an all-cash deal for €5.19 per share, or about €1.76 billion, representing a 20.7% premium to the company’s closing stock price last Friday and a reported enterprise value of €3.8 billion. Founded in 1991, Sponda owns various retail, office and residential properties throughout Finland.
In a separate logistics-related deal, Blackstone has made a growth investment in Ascenty, a provider of data center and telecom services for tech firms in Brazil that’s also backed by Great Hill Partners. Funds from the deal will be used to build additional data centers in Brazil and Latin America.
Blackstone has been especially active of late: Last week, the firm agreed to sell European warehouse operator Logicor to China Investment Corporation as part of a €12 billion deal. The firm’s investments in Sponda and Logicor are representative, as almost 28% of Blackstone’s deals have taken place in Europe since the start of 2010, per the PitchBook Platform.
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Article by PitchBook