Blackstone and Ivanhoé Cambridge Acquire Pure Industrial REIT for $3.8 Billion
Goodmans LLP represented Pure Industrial Real Estate Trust (PIRET) in connection with its all-cash acquisition by Blackstone Property Partners and Ivanhoé Cambridge Inc., a subsidiary of Caisse de dépôt et placement du Québec, for $8.10 per unit in a transaction valued at $3.8 billion including debt. Affiliates of Blackstone Property Partners and Ivanhoé Cambridge Inc. acquired 62% and 38% of PIRET, respectively.
PIRET owns and operates a diversified portfolio of income-producing properties in leading markets across Canada and key distribution and logistics markets in the United States. PIRET was one of the largest publicly-traded REITs in Canada that offered investors exposure to industrial real estate assets in Canada and the United States.

Featured Work
-
Aging and Health Care
Welltower to acquire Amica Senior Lifestyles portfolio for $4.6 billion
Goodmans is advising Welltower Inc. in connection with its announced acquisition of a portfolio of senior housing communities from Amica Senior Lifestyles and Ontario Teachers' Pension Plan for… -
Mining
Coeur Mining, Inc. acquires SilverCrest Metals Inc. at an implied equity value of approximately US$1.7 billion
Goodmans LLP acted as Canadian counsel to Coeur Mining, Inc. in connection with its acquisition of SilverCrest Metals Inc., whereby pursuant to a plan of arrangement Coeur acquired all of the issued… -
Mergers and Acquisitions
Converge Technology Solutions Corp. to be taken private by H.I.G. Capital
Goodmans LLP is advising Converge Technology Solutions Corp. in connection with its arrangement agreement with an affiliate of H.I.G. Capital, whereby H.I.G has agreed to acquire all of the issued and… -
Mergers and Acquisitions
Apotex acquires CanPrev
Goodmans LLP acted for Apotex Inc. in connection with its acquisition of CanPrev, a leading Canadian provider of vitamins, supplements, and other natural health products… -
Mergers and Acquisitions
Ryan, LLC completes acquisition of Altus Group’s Property Tax Services business
Goodmans LLP acted for Ryan, LLC in connection with its C$700 million acquisition of the global property tax services business of Altus Group Limited, a provider of asset and fund intelligence for… -
Competition and Foreign Investment
TRADER Corporation acquired by AutoScout24
Goodmans LLP acted as Canadian regulatory counsel for TRADER Corporation in connection with its acquisition by AutoScout24 (a portfolio company of Hellman & Friedman) from Thoma Bravo…