IFLR1000

Blackstone $2 billion acquisition of Excel Trust

31/7/2015
Private acquisition
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$ 2 billion

Completed

31/7/2015

Overview:

  • Private equity firm Blackstone has completed its $2 billion acquisition of real estate investment trust (REIT) Excel Trust.
  • Excel owns about 38 retail properties.
  • The deal was announced in April, 2015.
  • Simpson Thacher & Bartlett (Brian Stadler, Erik Quarfordt) advised Blackstone.
  • Latham & Watkins advised Excel Trust.

Kurt Stumpo - Journalist - North America and the Caribbean

Jurisdiction:

United States

Deal type:

Private acquisition

Practice areas:

Private equity
M&A

Governing law:

United States

Industry sector:

Real estate

Firms:
Latham & Watkins

Party: Excel Trust (Target)

Simpson Thacher & Bartlett

Party: Blackstone (Acquirer)

Lawyer: Brian Stadler

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