Business
Termination of Discussions
Big Yellow Group PLC has announced the termination of discussions with Blackstone Europe LLP regarding a potential cash offer. The Board concluded there is no basis for continuing discussions after considering Blackstone's update on valuation levels in the context of Big Yellow's strong performance, strategy, and business model. The company has informed Blackstone that the "put-up or shut-up" deadline of December 8, 2025, will not be extended. Disclaimer*
About this update from Big Yellow Group Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.\n \nTHIS ANNOUNCEMENT CONSTITUTES INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014, AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018.\n \n \nFOR IMMEDIATE RELEASE\n \n4 December 2025\n \n\n\n\n\nBig Yellow Group PLC (\"Big Yellow\" or \"the Company\")\nTermination of Discussions\n\n\n\n\n \nOn 13 October 2025, Blackstone Europe LLP (\"Blackstone\") announced that it was considering its position in relation to Big Yellow which could include a cash offer for the Company.\nSubsequently, Blackstone has provided to the Board of Big Yellow today an update on the status of their evaluation of a possible offer and the valuation level at which it could make a proposal. The Board considered this in the context of Big Yellow's strong performance, strategy and business model. It has concluded that there is no basis for continuing discussions with Blackstone.\nThe Board has indicated to Blackstone the put-up or shut-up deadline of 8 December 2025 will not be extended.\nThe person responsible for arranging the release of this announcement on behalf of Big Yellow is Shauna Beavis, Company Secretary.\n \nEnquiries:\n\n\n\n\n \n\n\n\n\n\n\n\nBig Yellow Group PLC\nNicholas Vetch, Executive Chairman\nJames Gibson, Chief Executive Officer\nJohn Trotman, Chief Financial Officer\n \nGoldman Sachs International (Financial Adviser)\nKhamran Ali\nOwain Evans\nArnout Harteveld\nLorenzo Carlino\n\n\nTel: +44 (0) 12 7647 7811\n \n \n \n \nTel: +44 (0) 20 7774 1000\n \n\n\n\n\n\n\n\n\n\n\n\n\nSodali & Co (Media Enquiries)\nBen Foster\nVictoria Heslop\n \n\n\nTel: +44 (0) 20 7100 6451\n\n\n\n\n \nAbout Big Yellow Group PLC\nBig Yellow is the UK's brand leader in self storage and operates from a platform of 111 stores. We have a pipeline of 1.0 million sq ft comprising 13 proposed self storage facilities. The current maximum lettable area of the existing platform is 6.5 million sq ft. When fully built out the portfolio will provide approximately 7.5 million sq ft of flexible storage...