Renzenbrink & Partner advises the management team of Engel & Völkers on the sale of a majority stake to Permira

Renzenbrink & Partner has advised the management team of Engel & Völkers AG on the sale of a majority stake to fund companies advised by Permira as part of a structured sales process. The management team and the Völkers family will retain a combined stake of just under 40% in the company.

Since its foundation in Hamburg in 1977, Engel & Völkers has developed into one of the world’s most respected addresses in the brokerage of high-quality real estate. Today, around 11,500 independent real estate consultants in 900 locations in more than 30 countries operate on the Engel & Völkers platform. They benefit from first-class sales mandates, digital tools, a comprehensive range of services and one of the world’s most renowned brands in the real estate industry.

Permira is a global private equity firm with more than 350 employees across 15 offices in Europe, North America and Asia. The company advises funds with a total volume of around EUR 44 billion, which have already invested EUR 10.7 billion in 40 companies in the proptech, financial services and other business services sectors.

Renzenbrink & Partner has already advised Engel & Völkers AG in recent months on the repurchase of various license partners.

The Renzenbrink & Partner team consisted of Dr. Ulf Renzenbrink (Corporate/PE), Marc H. Kotyrba (Tax/PE), Dr. Andreas Stoll and Jonas Hamm (both Corporate/PE).