Fundz

Gic And Oak Street Complete $15 Billion Acquisition Of Store Capital

RECENTLY ACQUIREDFeb 03, 2023

Acquiring Company

GIC

Acquired Company

Store Capital

SingaporeNew YorkScottsdaleVenture CapitalFinancial ServicesSoftwareFinanceVenture CapitalFintechLendingFinancial ServicesReal Estate

Description

STORE Capital Corporation (NYSE: STOR, “STORE”, “STORE Capital” or the “Company”), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, today announced that GIC, a global institutional investor, in partnership with Oak Street, a division of Blue Owl and one of the largest investors in net lease real estate, has completed the previously announced acquisition of all of the outstanding shares of common stock of STORE Capital for $32.25 per share in an all-cash transaction valued at approximately $15 billion, including assumed debt.

Quick answer

GIC and Blue Owl Capital are acquiring Store Capital for $15 billion, announced February 3, 2023. GIC is based in Singapore, Southeast Asia, Singapore.

How much did GIC pay for Store Capital?
The reported deal value is $15 billion.
What does GIC do?
GIC is a leading global investment firm established in 1981 to secure Singapore’s financial future.
Where are GIC and Store Capital based?
GIC is based in Singapore, Southeast Asia, Singapore. Store Capital is based in Scottsdale, Arizona, United States.

Source: Fundz verified event record.

Other recent acquisitions in Venture Capital and Financial Services

Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.

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Company Information

Company

GIC

Location

Singapore, Southeast Asia, Singapore

About

GIC is a leading global investment firm established in 1981 to secure Singapore’s financial future. As the manager of Singapore’s foreign reserves, GIC takes a long-term, disciplined approach to investing and is uniquely positioned across a wide range of asset classes and active strategies globally. These include equities, fixed income, real estate, private equity, venture capital, and infrastructure. Its long-term approach, multi-asset capabilities, and global connectivity enable it to be an investor of choice. GIC seeks to add meaningful value to its investments. Headquartered in Singapore, GIC has a global talent force of over 2,300 people in 11 key financial cities and has investments in over 40 countries.

Company

Blue Owl Capital

Location

399 Park Avenue

New York, New York, United States

About

Blue Owl is a global alternative asset manager with $94.5 billion in assets under management as of December 31, 2021. Anchored by a strong permanent capital base, the firm deploys private capital across Direct Lending, GP Solutions and Real Estate strategies on behalf of Institutional and Private Wealth clients. Blue Owl's flexible, consultative approach helps position the firm as a partner of choice for businesses seeking capital solutions to support their sustained growth. The firm's management team is comprised of seasoned investment professionals averaging more than 25 years of experience building alternative investment businesses. Blue Owl employs over 350 people across nine offices globally. For more information, please visit us at www.blueowl.com.

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Frequently asked

Who acquired Store Capital?

Store Capital was acquired by GIC, based in Singapore. The deal was reported on February 3, 2023. GIC is a leading global investment firm established in 1981 to secure Singapore’s financial future. GIC is privately held and operates in Venture Capital.

When did GIC acquire Store Capital?

GIC's acquisition of Store Capital was reported on February 3, 2023. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Store Capital do?

It is privately held, operating in Financial Services, and is based in Scottsdale.

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