Brief: EQT To Acquire Stockbridge, Accelerating EQT Real Estate's Evolution Into A Thematically Diversified Platform
BRIEF-EQT To Acquire Stockbridge, Accelerating EQT Real Estate's Evolution Into A Thematically Diversified Platform Oct 15 (Reuters) - EQT AB EQTAB.ST:
TO ACQUIRE STOCKBRIDGE, ACCELERATING EQT REAL ESTATE'S EVOLUTION INTO A THEMATICALLY DIVERSIFIED PLATFORM
TO BUY STOCKBRIDGE WITH USD 16.50 BILLION FEE-GENERATING AUM AND USD 27 BILLION GROSS ASSET VALUE
BASE CONSIDERATION OF $375 MILLION PAYABLE IN CASH AT CLOSING; EARNOUTS POSSIBLE 2027-2030
FURTHER CONSIDERATION OF UP TO $175 MILLION MAY BE PAYABLE 2027-2030
STOCKBRIDGE IS EXPECTED TO CONTRIBUTE APPROXIMATELY USD 35-45 MILLION OF FEE-RELATED EBITDA IN 2027
DEAL IS EXPECTED TO CLOSE IN Q1 2027
Source text: ID:nWkr9sBPQx
Further company coverage: EQTAB.ST