BauMont Real Estate Capital Sells Majority Stake to M&G
Deal News | Nov 18, 2024 | Goodwin
Goodwin’s London real estate investment team has successfully advised BauMont Real Estate Capital Limited in two significant financial events. Firstly, BauMont sold a 65% stake to M&G Real Estate Limited, enabling M&G to strengthen its global real estate business, expanding beyond its commercial, residential, and debt strategies. This acquisition allows BauMont to leverage M&G’s extensive pan-European platform and broadened global distribution capabilities. Secondly, BauMont concluded the final closing of its BauMont Real Estate II SCSp SICAV-RAIF fund, raising over €450 million. Established in 2017 by Robert Balick and Frédéric Laurent, BauMont focuses on opportunistic investments mainly across France and the UK, targeting returns through intensive asset management in various real estate sectors. With offices in London and Paris, and helmed by seasoned professionals, BauMont remains poised to navigate and capitalize on complex market cycles for its investors. The extensive advisory team from Goodwin was led by several notable names including James Spence and Niall Dickson.
Sectors
- Real Estate
- Private Equity
Geography
- United Kingdom – BauMont has significant real estate operations in the UK, and the advising team from Goodwin is based in London.
- France – The BauMont Real Estate Fund II primarily targets real estate investments in France alongside the UK.
- Europe – The transaction and fund involve pan-European strategies, with BauMont leveraging M&G's platform to expand its reach.
- Asia – M&G's global distribution capabilities, enhanced by this acquisition, include reach into Asian markets.
Industry
- Real Estate – The core focus of this transaction and fund involves real estate investments and strategies across various property types including office, residential, and commercial sectors.
- Private Equity – BauMont Real Estate Capital operates as a real estate private equity firm, and the transaction involves the sale of a majority stake to M&G.
Financials
- 65% – The percentage stake of BauMont sold to M&G.
- €450 million – The amount raised in the final closing of BauMont Real Estate Fund II.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| BauMont Real Estate Capital Limited | Target Company | Company | An independent real estate private equity firm focusing on opportunistic investments in Western Europe. |
| M&G Real Estate Limited | Bidding Company | Company | The real estate division of M&G, a global investment manager expanding its real estate operations with the BauMont acquisition. |
| Goodwin | Legal Advisor | Company | A legal firm that provided advisory services for the transactions involving BauMont and M&G. |
| James Spence | Advisor | Person | Led the Goodwin team in advising BauMont on the transactions. |
| Robert Balick | Management | Person | Co-leader of BauMont with over 50 years of industry experience. |
| Frédéric Laurent | Management | Person | Co-leader of BauMont alongside Robert Balick. |