Blackstone Real Estate and Grupo MRP Increase Cash Public Acquisition Offer for Terrafina
Acquiring Company
Blackstone
Acquired Company
Terrafina
New York
Mexico CityFinancial ServicesReal EstateFinanceReal Estate InvestmentManufacturingReal EstateDescription
Blackstone Real Estate and Grupo MRP, a developer, owner, and operator of real estate in Mexico, have announced an increase in the acquisition price for up to 100% of the outstanding real estate trust certificates of Terrafina (“BMV TERRA 13”). The cash public acquisition offer represents a 27% premium over the Terrafina certificates’ closing market price on December 4, 2023, providing immediate substantial value to Terrafina holders and avoiding uncertainties related to potential tax implications associated with certificate exchange offers.
Quick answer
Blackstone is acquiring Terrafina, announced June 28, 2024. Blackstone is based in New York, New York, United States.
- How much did Blackstone pay for Terrafina?
- The deal value was not disclosed.
- What does Blackstone do?
- Blackstone is one of the world's leading investment firms.
- Where are Blackstone and Terrafina based?
- Blackstone is based in New York, New York, United States. Terrafina is based in Mexico City, Mexico City, Mexico.
- Who are the decision-makers at Blackstone?
- Fundz holds 4 contacts at Blackstone. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Financial Services and Real Estate
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Blackstone Real Estate and MRP Group Extend 100% Cash Tender Offer for Terrafina (August 1, 2024)
- Blackstone Real Estate and MRP Group extends 100% Cash Tender Offer for Terrafina (July 25, 2024)
- KKR completes acquisition of Janney Montgomery Scott to expand wealth management portfolio (July 23, 2024)
- Patria Investments completes acquisition of Nexus Capital, expanding its Real Estate platform in Colombia (July 16, 2024)
- Blackstone Real Estate Partners X completes acquisition of Apartment Income REIT Corp. (AIR Communities) for $10 billion, $10B (June 28, 2024)
- The Milestone Group completes acquisition of Axis Delray Beach Apartments (June 27, 2024)
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Frequently asked
Who acquired Terrafina?
Terrafina was acquired by Blackstone, based in New York. The deal was reported on June 28, 2024. Blackstone is one of the world's leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. Blackstone is publicly traded (BX) and operates in Financial Services.
When did Blackstone acquire Terrafina?
Blackstone's acquisition of Terrafina was reported on June 28, 2024. Blackstone Real Estate and Grupo MRP, a developer, owner, and operator of real estate in Mexico, have announced an increase in the acquisition price for up to 100% of the outstanding real estate trust certificates of Terrafina (“BMV TERRA 13”). Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Terrafina do?
Terrafina is a real estate trust fund in Mexico, also known as Irrevocable Trust Agreement number F/00939. It is privately held, operating in Manufacturing, and is based in Mexico City.
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