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Berkshire Global Advisors acted as financial advisor to Exeter Property Group
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  • Berkshire Global Advisors acted as financial advisor to Exeter Property Group

  • Date: January 2021
  • Sector: Private Markets - Real Estate / Assets
  • Sub-Sector: Real Estate
  • Region: EMEA | North America
  • Seller AUM: $10.1 Billion
  • Seller Details:
    Exeter Property Group is a real estate investment management firm specializing in the acquisition, development, leasing, and management of industrial, office and related business park properties through an array of value add and core return private equity investment vehicles. Founded in 2006, Exeter manages over $10 billion in equity on behalf of sophisticated institutional clients across the globe including public, union and corporate pension funds, sovereign wealth funds, foundations, university endowments, insurers, family investment offices, and fund-of-funds.

    Buyer Details:
    EQT invests in good companies across the world with a mission to help them develop into great and sustainable companies. EQT is a purpose-driven global investment organization with close to three decades of consistent investment performance across multiple geographies, sectors, and strategies. EQT has offices in Amsterdam, Berlin, Copenhagen, Helsinki, Hong Kong, London, Luxembourg, Madrid, Milan, Munich, New York, Oslo, Paris, San Francisco, Shanghai, Singapore, Stockholm, Sydney and Zurich.

    Transaction Summary:
    The transaction is part of EQT’s strategic growth ambitions within Real Estate and creates a scaled thematic investment platform across North America, Europe and Asia-Pacific. It also provides Exeter management with the ability to continue their track-record as a top performing real estate investment manager, with most of its value-add funds among the top 5% of performers. Furthermore, the transaction provides the ability to utilize synergies to further enhance investment performance and for the combined platform to benefit from EQT’s integrated approach to digitalization and sustainability.

    EQT Exeter will be part of EQT Real Assets (consisting of EQT Infrastructure and EQT Real Estate today). The combined Real Estate platform will operate under a joint EQT Exeter brand following closing and the existing EQT Real Estate business line will be integrated into EQT Exeter. Exeter’s professionals will remain in place and will retain their participation interests in fund performance.