Bloomberg Law
Feb. 16, 2022, 11:55 AM

Simpson Thacher Leads Blackstone’s $23.8 Billion Mileway Deal

Rick Mitchell
Rick Mitchell
Freelance Correspondent

Simpson Thacher & Bartlett is advising Blackstone Inc. on its recapitalization of European last-mile logistics operator Mileway in a deal that values the company at 21 billion euros ($23.8 billion), according to a statement.

Blackstone called the deal, which existing Mileway investors have agreed to, the “largest private real estate transaction ever.”

Amsterdam-based Mileway’s network of warehouses near cities helps companies meet consumer expectations for faster delivery times and customer service, according to the company’s website.

Over the last six years, Blackstone and Mileway’s management team have grown the company into the largest last-mile logistics portfolio in Europe, with over ...

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