Golden Gate Capital invests in Green Street

Golden Gate Capital has agreed to acquire a majority stake in Green Street Advisors. No financial terms were disclosed. Evercore advised Green Street on the transaction. Headquartered in Newport Beach, Calif., Green Street is a provider of research, analytics and advisory and consulting services for the commercial real estate sector.

PRESS RELEASE

Newport Beach, CA & San Francisco, CA – July 8, 2014 – Green Street Advisors and Golden Gate Capital today announced an agreement wherein Golden Gate will obtain a majority stake in Green Street. Green Street is a leading provider of research, analytics, and advisory & consulting services to the commercial real estate industry. Golden Gate Capital is a leading investment firm with extensive experience in real estate and information services. Terms of the transaction were not disclosed.

Green Street is uniquely positioned at the crossroads of the public and private commercial real estate markets, from which it provides market-leading information, analytics and insights to both. The Green Street leadership team, including all 12 managing directors, will continue in their current roles and retain a substantial investment in the firm alongside Golden Gate. The partnership with Golden Gate will support Green Street’s business strategy and accelerate the firm’s ongoing investments in intellectual capital, new product development and data to better serve the firm’s customers and enhance long term growth.

Craig Leupold, Green Street’s President, said, “Since our founding by Jon Fosheim and Mike Kirby 29 years ago, we have created a strong platform and have become the most trusted name in commercial real estate research and analysis. At the same time, we have carefully developed a culture that rewards our employees and owners for their discipline, thought-leadership, customer-focus and entrepreneurial spirit, which has resulted in consistent and impressive growth. We are thrilled to be partnering with Golden Gate Capital, a leading investor that appreciates and understands the importance of maintaining our culture, and stands ready to assist us in identifying and executing on future growth initiatives for the long-term.”

“With a rich heritage of providing innovative and trusted research to blue chip clientele, a talented leadership team and a tremendous brand, Green Street represents a terrific opportunity to invest in a leader in a large and rapidly growing market,” said Jake Mizrahi, Managing Director at Golden Gate Capital. “We look forward to partnering with Green Street to support and accelerate its growth and expansion into new segments while delivering enhanced products and greater value for customers.”

Closing of the transaction is subject to all necessary regulatory and other approvals. Evercore acted as financial advisor to Green Street on the transaction.

About Green Street Advisors, Inc.
Founded in 1985, Green Street Advisors is the preeminent independent research, analytics, trading, and consulting firm to the commercial real estate market in North American and Europe. Additional information on Green Street Advisors is available at www.greenstreetadvisors.com.

About Golden Gate Capital
Golden Gate Capital is a San Francisco-based private equity investment firm with over $12 billion of capital under management. The principals of Golden Gate have a long and successful history of investing across a wide range of industries and transaction types, including going-privates, corporate divestitures, and recapitalizations, as well as debt and public equity investments. For additional information, visit www.goldengatecap.com.

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