Paris-listed property company Mandarine group said it has agreed to acquire Dutch luxury real estate group La Perla International Living for an undisclosed amount. Mandarine will pay for the transaction through the issue of new shares and will take on the name of the company it is acquiring following the deal.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
