GS and Cerberus plan to raise €140m in GSW IPO

Goldman Sachs (GS)and Cerberus Capital Management are seeking to raise close €140m in an IPO for portfolio company GSW Immobilien AG.

The company is also targeting a free float of at least 49.9% of the stock in a primary and secondary share sale post-listing.

GS and Cerberus acquired acquired the company from the city of Berlin in 2004, for around €2bn.

GSW Immobilien AG has a portfolio of 49,700 properties, valued at about €2.6bn. In addition, the company manages 17,000 homes.

Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017

Several investors placed bids for the company in 2022 but mismatch in pricing didn't lead to a deal

GP has owned the Norway-headquarterd market research business for almost four years

French employee savings distribution and management firm could be valued at a few hundred million euros

Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017

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Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO

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