FTM Distribution has acquired a real estate portfolio
December 2019 — FTM Distribution has acquired a real estate portfolio from IDS North America Ltd.
FTM Distribution is a Canadian holding company that operates in a variety of fields, including commercial real estate operations.
IDS North America is the largest of IDS’s subsidiaries. Based in Canada, with offices in Kanata (Ottawa) and Montreal, the company also handles activities in the USA, Central America, the Caribbean and some parts of Eastern Europe and Africa. IDS North America offers the whole range of IDS capabilities but its main source of revenue is the air navigation sector, the supply of specialist antennas and satellite terminals meeting the needs of high technology market sectors with advanced requirements.
Our role in the transaction
Oaklins' team in Canada advised the buyer in this transaction.
Talk to the deal team
Related deals
WOOD & Company City – OPF has acquired CIB Rental
WOOD & Company City – OPF (open-ended fund) has acquired a 100% stake in CIB Rental, s.r.o. from CIB Group. The fund’s investment is focused on the revitalization of a fully leased residential area in Prague–Písnice, Czech Republic, a popular residential district comprising family houses and apartment buildings. The location benefits from a newly extended tram line, fast access to the Prague Ring Road and a future Metro Line D station. The investment strategy aims to enhance the value of the asset through a high-quality urban redevelopment concept, including its functional integration with the surrounding local community.
Learn moreTerhills Resort by Center Parcs has been acquired by TwentyTwo Real Estate
Terhills Resort, a premium resort in Belgium combining luxury and nature located near Hoge Kempen National Park and operated by Center Parcs, has been sold by venture capitalist LRM to TwentyTwo Real Estate, an independent real estate investor and operator. Both the real estate and the operations were included in the transaction, and Center Parcs is staying on board as an operational partner.
Learn moreBerner Group has completed a US$23.4 million private credit financing
Berner Group has successfully closed a US$23.4 million secured private credit facility to fund the repositioning of a former rehabilitation clinic into a student housing scheme in the Rhine-Main region of Germany. The financing was provided by a private debt fund, and structured across three tranches to address the specific requirements of the transaction, including the refinancing of existing bank facilities, funding of capital expenditure and operating costs during lease-up and a conditional tranche linked to the completion of fire safety and remediation works. The deal was structured with a comprehensive security package comprising a first-ranking land charge, share pledge and subordination agreements with existing lenders. Approximately 1% cash equity was contributed by the sponsor, reflecting the strength of the underlying asset and business plan.
Learn more