Catella exclusive advisor in sale of one of the largest real estate companies in Denmark for DKK 4.3 billon
Catella acted as exclusive financial advisor to the board of HD Ejendomme in the sale of the DKK 4.3 billion real estate company to funds managed by NIAM
HD Ejendomme has agreed on terms with NIAM to divest all shares in the company. Simultaneously with the acquisition NIAM will inject new equity and recapitalize the company. Financial terms of the transaction are not being disclosed.
NIAM is a strong owner with substantial experience on the Nordic real estate markets and the deal will enable HD Ejendomme to grow its portfolio under management with a focus on residential properties in Denmark.
“This was a unique opportunity for us to acquire a large notably residential portfolio and a well-functioning management platform. We expect to utilize it as a platform for further investments and have a pipeline of potential acquisitions lined up,” says Kristian Krogh, Senior Director and Head of Denmark at NIAM.
HD Ejendomme is one of the largest real estate companies in Denmark. It owns and operates approximately 2,000 residential and 375 commercial units across Denmark and employs some 85 people with headquarter in Odense. In 2014, the former CEO of Financial Stability Mr. Lars Jensen was appointed as chairman of HD Ejendomme to steer the company out of the financial crisis.
“I am pleased that the assignment I took on is now solved. All the creditors will get their money back and those who continue to finance the company will continue under the new and recapitalized ownership,” say Lars Jensen, Chairman of HD Ejendomme.
“We appreciate the trust and the mandate awarded to Catella by the board of HD Ejendomme. Catella is well positioned for this kind of highly complex mandate in line with our position being the link between property and finance,” says Jesper Bo Hansen, Head of Corporate Finance at Catella.
For more information, please contact:
Jesper Bo Hansen
Head of Corporate Finance in Denmark
+45 33 93 75 93
jesper.bo@catella.dk
Press contact:
Ann Charlotte Svensson
Group Head of Communications
+46 8 463 32 55, +46 72 510 11 61
anncharlotte.svensson@catella.se
About Catella: Catella is a leading specialist in property investments, fund management and banking, with operations in 12 European countries. The group has sales of approximately EUR 200 million and manages assets of approximately EUR 16 billion. Catella is listed on Nasdaq Stockholm in the Mid Cap segment. Read more at catella.com.
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