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.

Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote

Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO

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

EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater