EQT last week announced its agreement to acquire Australian retirement village provider, Stockland Retirement Living, from Stockland property development group for a consideration of $716.7m.
The acquisition will be made by the private equity firm’s 15.7 billion fund, EQT Infrastructure V.
The fund, which after the acquisition will be 70-75% deployed, is dedicated to five core sectors, namely, energy, transport logistics, environmental, digital, and social infrastructure.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter
The fund’s portfolio includes radiation and oncology clinic provider Icon Group, which it acquired in November 2021, in what was the firm’s first infrastructure deal in Australia.
Source: Yahoo Finance
Can’t stop reading? Read more
Ares raises $5.4bn for US and Europe real estate strategies as recovery drives demand
Ares raises $5.4bn for US and Europe real estate strategies as recovery drives demand Ares has...
Blue Owl caps fund withdrawals as private credit demand recalibrates amid market volatility
Blue Owl caps fund withdrawals as private credit demand recalibrates amid market volatility Blue...
Sycamore targets $4bn profit at Walgreens following $10bn buyout
Sycamore targets $4bn profit at Walgreens following $10bn buyout Sycamore Partners is targeting a...