EQT's Apleona sells GVA

Apleona has been sold to Avision Young, a Canada-based commercial real estate services firm. Financing was provided by Credit Suisse and Caisse de Dépôt et Placement du Québec.

EQT acquired Apleona in 2016 in a carve-out from Bilfinger, a German engineering firm. It said that offloading GVA was an important step in transforming Apleona into a leading European provider of real estate management services.

Company
GVA is a real estate advisory business. It has 15 offices in the UK, Ireland and Poland, and has 1,500 staff.

Apleona is based in Germany and provides services for the property lifecycle including the initial investment, planning, construction, management, optimisation and sale. It has 20,000 staff, operates in around 30 countries and its clients inculde industrial companies, investment funds, banks, the public sector and developers.

People
EQT Partners - Andreas Aschenbrenner (partner).
GVA – Gerry Hughes (CEO).

Advisers
Equity – Bank of America Merrill Lynch (corporate finance); Milbank Tweed Hadley & McCloy (legal).

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• Topics
• Exits
• Financials
• DACH
• Real estate
• EQT
• United Kingdom
• Germany
• Partial sale