Blackstone has confirmed it's considering a cash bid for Big Yellow Group, the UK's leading self-storage operator. Big Yellow separately confirmed that it has held meetings with a "small number" of parties, but added that it has not received a formal bid. Shares in Big Yellow surged >20% on the news, reflecting investor optimism around consolidation in the sector. We believe the impact on Shurgard in the UK is positive. It highlights that private equity investors find the valuation attractive. B...
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