TA Associates sells Exeter Property Group
TA Associates, a global growth private equity firm, has completed the sale of its funds’ ownership interest in Exeter Property Group to EQT AB (EQT). The sales price was $1.87 billion. Upon closing, Exeter and EQT’s real estate businesses have combined as EQT Exeter.
Exeter is a real estate investment management firm focused on acquiring, developing, leasing and managing industrial, office and related business park properties across the United States and Europe through an array of value-add and core return private equity investment vehicles. The company is headquartered in suburban Philadelphia and has offices distributed across the Americas, Europe and Asia. TA completed a strategic growth investment in Exeter in February 2019.