Deal snapshot: FREMONT ACQUIRES REAL ESTATE BUSINESS OF ATRIA SENIOR LIVING.
San Francisco, US-based private equity firm Fremont Realty Capital has acquired a stake in Kentucky, US-based Atria Senior Living, allowing Atria to raise growth-focussed capital, the company said.
The transaction values Atria at a substantially increased level compared to the 2012 transaction in which the management team increased their stake to 66% and Chicago, US-based REIT Ventas acquired 34% of the business. Proceeds have been reinvested in Atria, and Ventas has also made an additional investment in Atria to maintain its 34% ownership stake without dilution.
Sector: Construction/Real Estate
Target: Atria Senior Living/50% of management stake
Buyer: Fremont Realty Capital
Vendor: Atria management team
Deal size in USD:
Buyer advisor: , ,
Comment: Terms of the deal were not disclosed
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|Publication:||M & A Navigator|
|Date:||Dec 26, 2017|
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