GLP (Global Logistic Properties)

active

Real Estate / Logistics (Singapore) — Blackstone / GIC / others

Deal Terms

Entry Year2017

Entry EV$11.6B

Entry Multiple12x

Leverage4x

Debt Amount$4.64B

Risk Metrics

LTV (est.)40%

Debt / EV0.40x

Notes

Consortium led by GLP management/Hillhouse/Hopu/SMG/Bank of China took GLP private for $11.6B (2017). Largest Asia-Pacific PE deal at the time. 55M sqm logistics real estate across China, Japan, Brazil, US. Blackstone later acquired GLP's US warehouse portfolio for $18.7B. E-commerce logistics is PE's mega-theme — Blackstone is the largest warehouse landlord globally.

Sponsor

Blackstone$1270B AUM