Renzenbrink & Partner advises the management of Engel & Völkers on the sale of a majority stake to Permira
9 August 2021
Renzenbrink & Partner has advised the management team of Engel & Völkers AG on the sale of a majority stake to funds advised by Permira in the course of a structured sales process. The management team and the Völkers family will collectively retain an approx. 40 % stake in the company.
Founded in Hamburg in 1977, Engel & Völkers has become one of the world’s most highly regarded brands in premium property brokerage. Today, more than 11,500 real estate agents across 900 locations in more than 30 countries operate independently on the Engel & Völkers platform using its world class listings base, technology, service offering and trademark.
Permira is a global private equity firm with more than 350 employees based in 15 offices spanning Europe, North America and Asia. The company advises funds with a total volume of around EUR 44 billion, having already invested EUR 10.7 billion in 40 companies across proptech, financial and business services.
Renzenbrink & Partner has also advised Engel & Völkers AG on the repurchase of various license partners during the last months.