Blackstone Announces EUR 21 Billion Recapitalisation of Mileway
Posted - 22.02.2022
| Selected Deals
Elvinger Hoss Prussen represented Blackstone as to matters of Luxembourg law in the establishment of Blackstone Mileway Logistics (LUX) SCSp, the Luxembourg Parallel Fund of Blackstone Mileway Logistics L.P., in connection with the recapitalisation of Mileway, the largest mile logistics portfolio in Europe. Blackstone announced on February 15, 2022 that existing investors in Mileway have agreed to recapitalise the company for EUR 21 billion alongside Blackstone's Core+ strategy, and to hold the business for the long term. Mileway investors were offered the option to exit for cash or reinvest their proceeds from the sale.
The Elvinger Hoss Prussen Team included Joachim Cour, Partner, Victoria Notebaert, Associate and Julien Gigliarelli, Associate (Funds) as well as Katia Panichi, Partner, and Fiorenza Cingolani, Senior Associate (Fund Finance).