Deal Announcement 06/19: Blue to Schroders

PwC acted as exclusive financial advisor to private shareholders on the sale of Blue Asset Management GmbH, a DACH-focused real estate boutique based in Munich, Germany, to Schroders

The Deal

The PwC M&A team is pleased to announce the successful sale of Blue Asset Management GmbH (“Blue”), a German asset, investment and property manager for commercial and residential real estate to Schroders. PwC M&A acted as exclusive financial advisor to the shareholders on this transaction.

PwC M&A Germany was engaged to run a lean and controlled process to find the best strategic partner for Blue and advise the shareholders throughout the entire sell-side process. Subsequently, via PwC’s strong network within the real estate industry, a very limited number of carefully selected strategic investors were approached and a competitive sell-side process was arranged to achieve maximum value for the clients.

The PwC FS Deals Team supported Blue in preparing the Financial Fact Book. 

Established in 2009 by the three founding managing directors Dr Artus Pourroy, Dr Thomas Wiegelmann and Tino Lurtsch, Blue manages €1.2bn of assets on behalf of its clients across Germany, Austria and Switzerland. The deal reinforces Schroders’ private assets capabilities, providing additional resource, presence and expertise in the German, Austrian and Swiss real estate markets to serve the company’s global investor base. The Blue portfolio consists of real estate investments across commercial and residential real estate properties. The three founding managing directors and their 17 employees will join Schroder Real Estate.

Blue Asset Management GmbH

Blue Asset Management GmbH, headquartered in Munich, Germany, is a real estate platform offering real estate asset, investment and property management services in the DACH region (Germany, Austria, Switzerland). Blue offers its services to a blue chip institutional investor base and pursues an entrepreneurial and institutional approach with focus on long-standing and trusted client relationships.

PwC

The global PricewaterhouseCoopers network is a worldwide association of independent auditing and consulting companies which together employ more than 250,000 people in 158 countries. Our global network comprises nearly 1,550 M&A professionals all over the world, realising approx. 400 successful transactions per year. We specialise in a wide range of independent M&A services including advice on acquisitions and disposals, mergers, public takeovers, privatisations as well as structured financing.

PwC M&A Germany acted as exclusive financial advisor to the shareholders on this transaction. The transaction was led by Dr. Andreas Schillhofer (Partner) and executed by The Thanh Nguyen (Manager), Sebastian Leker (Associate) and Florian Stautz (Associate).

The PwC FS Deals Team comprised Carolin Dilger (Director), Manuel Urban (Manager) and Niklas Egge (Senior Associate).

For more information please contact Dr. Alexander von Friesen (Co-Head M&A Germany) +49 (0) 69 9585-5487 or The Thanh Nguyen +49 (0) 69 9585-2602.

 

Contact us

Martin Schwarzer

Partner, Mergers & Acquisitions Co-Head

Tel.: +49 69 9585-5667

Dr. Alexander von Friesen

Partner, Mergers & Acquisitions Co-Head

Tel.: +49 69 9585-5487

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