Deals
Lineage Raises $1.6 Billion Amid Demand Surge for Cold Storage
- Company’s enterprise value is said to be $15.5 billion
- Oxford, BentallGreenOak, Cohen & Steers, D1 among investors
Photographer: John Taggart/Bloomberg
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Cold-storage specialist Lineage Logistics raised $1.6 billion from investors including Oxford Properties Group, private equity firm BentallGreenOak and Dan Sundheim’s D1 Capital Partners as the pandemic pressures the food-supply chain.
The closely held real estate investment trust plans to use the equity to expand, in part by pursuing acquisitions, Co-Chairman Adam Forste said.