GIC and Oak Street to Acquire STORE Capital in $14 Billion All-Cash Transaction

October 17, 2022

GIC, together with funds managed by Oak Street (a division of Blue Owl), agreed to acquire STORE Capital for approximately $14 billion in an all-cash transaction valued at $32.25 per share. The deal is subject to STORE Capital stockholder approval and customary closing conditions, with an expected close in the first quarter of 2023.

Buyers
GIC, Oak Street (a Division of Blue Owl), Funds managed by Oak Street (affiliates of Oak Street / Oak Street-managed funds)
Targets
STORE Capital Corporation
Industry
Infrastructure
Location
Arizona, United States
Transaction Type
Buyout

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