Värde Acquires Unity Investment Management for Healthcare Real Estate Expansion
Deal News | Nov 21, 2024 | Globenewswire
Värde Partners, a global alternative investment firm, has acquired Unity Investment Management from Unity Medical Properties. With this transaction, Unity Investment Management will operate as a wholly owned subsidiary of Värde and manage over $800 million worth of healthcare real estate assets, including 74 medical outpatient buildings (MOBs). This move enhances Värde's existing $700 million portfolio of MOBs and further cements its strategic position in the healthcare real estate sector. Värde's managing partner, Tim Mooney, emphasizes the long-term trend towards outpatient care and the defensive asset characteristics that make the sector appealing. David Lynn, CEO of Unity Investment Management, expresses enthusiasm for collaborating with Värde, aiming to expand the firm's MOB program. Evercore and Kirkland & Ellis LLP acted as Värde's financial and legal advisors respectively in this acquisition.
Sectors
- Private Equity
- Real Estate
- Healthcare
Geography
- United States – The real estate portfolio spans approximately 16 states within the United States.
Industry
- Private Equity – The article discusses Värde Partners, a private equity firm, expanding its portfolio through acquisition.
- Real Estate – The acquisition involves healthcare real estate assets, specifically medical outpatient buildings.
- Healthcare – The focus is on healthcare real estate, reflecting the shift from in-patient to outpatient care facilities.
Financials
- $800 million – Value of the healthcare real estate portfolio managed by Unity Investment Management.
- $700 million – Value of Värde Partners' recently acquired portfolio of medical outpatient buildings.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Värde Partners | Acquirer | Company | A global investment firm specializing in credit and credit-related assets. |
| Unity Investment Management (UIM) | Target Company | Company | A healthcare real estate investment platform being acquired by Värde Partners. |
| Unity Medical Properties | Vendor | Company | The former owner of Unity Investment Management. |
| Evercore | Financial Advisor | Company | Served as exclusive financial advisor to Värde Partners in the transaction. |
| Kirkland & Ellis LLP | Legal Advisor | Company | Provided legal counsel to Värde Partners during the acquisition. |
| Westlake | Financial Advisor | Company | Served as financial advisor on a recent MOB asset acquisition by Värde. |