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NEW YORK and KNOXVILLE, Tenn., Dec. 18, 2020 /PRNewswire/ Inhabit IQ ( Inhabit IQ or the Company ), a unique collective of tech-forward products serving the residential, commercial and vacation rental management industries, today announced the completion of a significant investment by the Goldman Sachs Merchant Banking Division in the Company. Goldman Sachs will join existing investors Insight Partners, Greater Sum Ventures and PSG as institutional shareholders in Inhabit IQ.
The funding will provide additional capital that will enable Inhabit IQ to increase its investment in innovation, accelerate its growth and continue its acquisition strategy. The Company will continue to be led by CEO Lisa Stinnett and the current management team. Terms of the transaction were not disclosed.
Winnipeg-based People Corp. has been acquired for $1.13 billion possibly a North American record by the private equity division of Goldman Sachs.
Winnipeg-based People Corp. has been acquired for $1.13 billion possibly a North American record by the private equity division of Goldman Sachs. What we are told is this is one of the highest prices, if not the highest price, ever paid for an insurance platform in North America, said People Corp. founder and CEO Laurie Goldberg.
MIKE DEAL / WINNIPEG FREE PRESS
Laurie Goldberg, founder and CEO of People Corp., said the purchase by Goldman Sachs provides the company the capital needed ‘to scale to the next level.’
On Wednesday, Goldman Sachs Merchant Banking Division and Dallas, Texas-headquartered industrial real estate investor Dalfen Industrial announced the purchase of 10 last-mile delivery logistics properties. The acquisitions are part of an ongoing partnership between the two companies to acquire infill industrial propertiesin key U.S. gateway markets: specifically, the fast-growing, tax-advantaged Western and Sun Belt cities of Denver, West Palm Beach, Charlotte, San Antonio, and Fort Worth.
Post these acquisitions, Dalfen Industrial and Goldman Sachs Merchant Banking now jointly own 52 industrial properties totaling 7.13M square feet in 19 U.S. cities in 10 states.
Two of the properties are strategically located in the West Palm Beach, Florida market, including the Interstate Park Logistics Center, which faces the I-95 highway and is 100 percent occupied by long-term tenant Serta.