Sale of GRK-Holding AG to ActivumSG Fund III

Tombstone GRK Activum Transaction 2015
Overview

Transaction

Quarton International exclusively advised the shareholders of GRK-Holding AG, a project developer and building promoter located in Leipzig, on the sale of a majority stake to Fund III of ActivumSG Capital Management Ltd., a real estate fund manager investing throughout Europe. For Quarton International this marks the second successful transaction in the sector “Real Estate” in only a few days after advising Tax Credit Group in its sale to CBRE Group.

Quarton International managed the entire transaction process and advised the founder and principal shareholder of GRK-Holding during all phases of the transaction. A Leipzig team of CMS Hasche Sigle acted as legal counsel throughout the process as well as during negotiations. On the buyer side, Noerr LLP acted as legal advisor.

Together with the already purchased formart GmbH & Co. KG, the aim is to establish a common nationwide leading project development group in the residential sector. The complementary expertise of formart and GRK in the fields of acquisition, sales and construction management are an ideal basis for growing at an above-average rate, particularly in strong metropolitan regions and big cities during the upcoming years.

Steffen Göpel, founder and shareholder of GRK-Holding, will be actively involved in the next development stage and will hold an equity investment.

All parties have agreed not to disclose further details regarding the transaction.

Client

As the leading project developer and building promoter GRK Holding AG has been building, managing and renting out high-class real estate in Leipzig and the surrounding areas since 1991. The main area of expertise of GRK Holding AG, which has been officially recognised several times, is the development and restoration of historic buildings as well as the revitalization and conversion of special real estate holdings

Logo GRK

Buyer

ActivumSG Capital Management Ltd. is a Jersey-based real estate fund manager investing throughout Europe. Regulated by the Jersey Financial Services Commission ActivumSG Capital Management Ltd. currently manages four discretionary real estate funds and is advised by Berlin-based ActivumSG Advisory GmbH and ActivumSG Iberia Advisors S.L. The group was founded in 2007 by Saul Goldstein.

CMS Hasche Sigle is one of the leading commercial law firms in Germany. More than 600 lawyers, tax advisers and notaries support German and international companies across a wide range of different industries. Clients include successful SMEs, global corporations and public institutions. CMS Hasche Sigle has offices in eight major German business locations, as well as in Brussels, Moscow, Beijing and Shanghai.

Logo CMS

Noerr ist eine der führenden europäischen Wirtschaftskanzleien mit über 500 Professionals in Deutschland, Europa und den USA. Mit Lösungen für komplexe und anspruchsvolle rechtliche Fragestellungen schafft Noerr einen echten Mehrwert für Mandanten. Das Besondere an Noerr ist die Verbindung einer breiten fachlichen Exzellenz mit innovativem Denken, internationaler Erfahrung und Industrieexpertise.
Auf den Rat der Kanzlei vertrauen börsennotierte und multinationale Konzerne, große und mittelständische Familienunternehmen sowie Finanzinstitute und internationale Investoren.

Logo Noerr

Contact

Photo Andreas Winkler

Andreas
Winkler

Partner
M&A Quarton, A Cowen Company

+41 44 2654 080
Email

Photo Jozsef Bugovics

Jozsef
Bugovics

Partner
M&A Quarton, A Cowen Company

+49 341 9837 90
Email

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