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The Collective closes co-living Old Oak MBO financed by Deutsche Bank and Catalina Re

The Collective, a pioneer in the nascent co-living sector, has completed the management buyout of Old Oak, the UK’s first and largest co-living building, buying the remaining 75% it did not already own.
By James Wallace
October 25, 2018 | 5:44 P.M.

The MBO values Old Oak at around £125m, implying the 75% stake was priced at approximately £93.75m, with Deutsche Bank and Catalina Re providing senior and mezzanine financing, respectively. Catalina Re is a Bermuda-based investor which itself is backed by Apollo, Caisse de dépôt et placement du Québec and Ontario Teachers' Pension Plan.

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News | The Collective closes co-living Old Oak MBO financed by Deutsche Bank and Catalina Re