ATLANTA, December 15, 2010/PRNewswire / - Americold Realty Trust ("Americold") today announced that the company has successfully completed the acquisition of the international society of Versacold warehouse and operations at United States, Australia New Zealand, Argentina, as well as a Canadian subsidiary. This strategic acquisition combines two of the main warehouse in temperature controlled industry companies. Now, the Americold portfolio includes 182 temperature-controlled warehouses located in United States (152), Australia (9), New Zealand (9), China (7), Argentina (2) and (3) Canada and represents more than 1 billion foot cubes of total storage space.
"Americold welcomes Versacold and client team Americold family and looks forward to providing the best transparent services thanks to the combined facilities and operations of the two companies," said Ron Burkle, Chairman of Americold and Yucaipa partner companies. "Warehouses and Versacold operations are a natural leader of Americold. industry portfolio complement". This two years of intensive work by The Companies Yucaipa global industry CAP to merge Americold Versacold to create a leader. »
"We are committed to continually improve the quality of our service to our customers valued," said Jos Opdeweegh, CEO of Americold. "The acquisition of Versacold we allow to better serve our customers seeking solutions at the national level as well as international key."
The transaction was financed by raising $ 375 million of new capital in the form of two strategic investors, affiliates of GS Capital Partners and China Merchants Holdings (International) Company Limited (CMHI) and the issuance of $ 600 million 10 years Commercial Mortgage certificates at a weighted average initial 4.95% p.a interest rate convertible preferred shares. Equity investment was led by GS Capital Partners. J.P. Morgan and Goldman Sachs & co assume subscription offer of CMBS joint with J.P. Morgan, acting as a unique structuring agent.
Capital of CMHI represents an increasing strategic relationship with Americold, arising from the creation of a joint venture in July 2010 between the two companies. This joint venture is third first warehouse in temperature-controlled China supplier integrated national platform. Is the market grows cold storage in the world.
Yucaipa Companies remains the majority shareholder in Americold.
On China Merchants
China Merchants Group, one of the largest and conglomerates in China State-owned control CMHI mediated by which it engages primarily in investment and operation of ports along the coast of China. CMHI, listed on the stock exchange of Hong Kong, blue chip company established a full container ports and related areas of logistics network in three regions economically dynamic delta Chinese, maintaining a broad base of clients in China and abroad.
In addition to its majority stake in CMHI China Merchants Group focuses on the real estate development, financial services and transportation of energy.
On GS Capital Partners
Since 1986, Goldman Sachs Merchant Banking Division and its predecessor sectors raised private equity and principal debt investment fund with more than 82 billion to capital (including the effect of leverage) 16. GS Capital Partners VI is the current capital vehicle that Goldman Sachs leads its broad investment activities negotiated, company equity. A global leader in corporate capital investment, GS Capital Partners is a family of funds focusing on large, high quality and has a strong management and acquisition or expansion financing companies in a variety of industries and geographies. Founded in 1869, Goldman Sachs is an investment overall leader in banking, securities and investment management firm that provides a wide range of financial services to a large and diverse clientele that includes corporations, financial institutions, Governments and the high-net-worth individuals. For more information, please visit www.gs.com/pia.
Yucaipa enterprises
Corporations Yucaipa is a company investment Prime Minister set a record to promote the economic value through growth and responsible for business development. Since its foundation in 1986, the company completed mergers and acquisitions valued at more than 30 billion dollars. An investor, Yucaipa works with strategic management reposition businesses and implement operational improvements, which resulted in the creation of value for investors.
On Trust Realty Americold
Americold is the world leader in temperature-controlled warehouse with the largest network in the United States and Australia, New Zealand, China, Argentina and Canada properties. Americold warehouses are an integral part of the supply chain that connects producers, distributors and retailers that store products in temperature-controlled warehouses and use frozen and perishable food services.
For more information about Americold, visit www.americoldrealty.com.
SOURCE Americold Realty Trust
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