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Deal snapshot: FREMONT ACQUIRES REAL ESTATE BUSINESS OF ATRIA SENIOR LIVING.

MANews-(C)2009-2017

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.

Country: USA

Sector: Construction/Real Estate

Target: Atria Senior Living/50% of management stake

Buyer: Fremont Realty Capital

Vendor: Atria management team

Deal size in USD:

Type: Stakebuilding

Financing: Cash

Status: Closed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Date:Dec 26, 2017
Words:131
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