Nido Living to Acquire Livensa's 3,000-Bed Portfolio for €1.2 Billion
Deal News | Jul 02, 2025 | Finance Community ES 2 - Corporate M&A
Nido Living, a specialized student accommodation platform, has agreed to acquire Livensa Living, an Iberian portfolio of student residences from Brookfield Asset Management, in a significant deal valued at €1.2 billion. The deal, expected to close in the fourth quarter of 2025, marks a milestone in the sector and significantly enhances Nido's presence in the Iberian Peninsula by adding 3,000 beds across ten assets in cities such as Madrid, Seville, Valencia, Lisbon, and Porto. With this acquisition, Nido's total portfolio in Europe will exceed 13,000 beds. Livensa Living, founded in 2019 as a partnership between Brookfield and Temprano Capital, has grown to become one of the largest student residence operators in Spain, managing 20 operational residences and 2 under development, totaling over 9,000 beds. JP Morgan Securities advised Nido Living financially, while Savills assisted with commercial due diligence and ESG consultancy. Additionally, Howden M&A advised Nido on transaction risks. PwC supported Brookfield with comprehensive Vendor Due Diligence and Vendor Assistance on financial, tax, and SPA-related matters.
Sectors
- Real Estate
- Private Equity
- Education
Geography
- Spain – Livensa Living operates significant facilities in major Spanish cities such as Madrid, Seville, and Valencia, which are included in the acquisition.
- Portugal – The transaction includes properties located in Lisbon and Porto, key Portuguese cities.
- Iberian Peninsula – The deal spans across the Iberian Peninsula, covering both Spain and Portugal.
Industry
- Real Estate – The article is centered on the acquisition of student accommodation properties, which fits within the Real Estate sector.
- Private Equity – Brookfield Asset Management, a private equity firm, is involved in the transaction as the selling entity.
- Education – The focus on student housing connects the deal to the Education sector as it directly impacts student accommodation facilities.
Financials
- €1.2 billion – The transaction value for the acquisition of Livensa Living by Nido Living.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Nido Living | Bidding Company/Buyer | Company | A platform specialized in student accommodation, looking to expand its presence in the Iberian Peninsula. |
| Brookfield Asset Management | Selling Company/Vendor | Company | An asset management firm with a significant role in private equity and real estate. |
| Livensa Living | Target company | Company | An Iberian operator of student residences and part of the portfolio being sold by Brookfield. |
| JP Morgan Securities | Financial Advisor | Company | Provided financial advisory services to Nido Living in the acquisition. |
| Savills | Commercial Due Diligence and ESG Consultant | Company | Performed commercial due diligence and ESG consultancy for the acquisition. |
| Howden M&A | Transaction Risk Advisor | Company | Advised Nido Living on transactional risks. |
| PwC | Vendor Due Diligence and Assistance Advisor | Company | Provided comprehensive vendor due diligence and vendor assistance to Brookfield. |