More Banks are Appointed by Blackstone to Prepare IPO

BX.N appointed banks more to help prepare for the first public offering of shares in the warehouse owner of the European Logicor, that could be worth 13 billion euros, according to two sources familiar with the matter.

Wall Street banks Morgan Stanley, Goldman Sachs, Bank of America Merrill Lynch chosen Blackstone to list potential in London alongside Citi, although the final decision to proceed taken, according to one source.

Boutique investment bank PJT Partners is acting as Logicor Po's mentor and helped firm based in London to select the banks underwriting the deal, another source familiar with the matter said.

Blackstone declined to comment.

Logicor founded in Blackstone's real estate division in 2012 to manage and operate its assets European logistics. Counting Amazon among its clients, has become the owner of the largest European logistics and distribution buildings, covering a total amount of 13.6 million square meters across Europe.

Reuters reported in December that Blackstone was hiring banks to prepare for i Po of Logicor, several people said at the time.
Goldman Sachs and Eastdil Securities had already chosen to help with the listing but global coordinators had been appointed, said one of the sources involved.

Posted in: Finance