Fokus Asset Management, a real estate investor and asset manager in the Nordics, has entered into a strategic agreement to sell a stake in the group to private equity fund BlackFin Capital Partners for an undisclosed amount.
In a statement, Fokus said that the partnership will enable it to strengthen its differentiated service offering towards real estate investors globally as a one-point-of-contact for accessing the Nordic real estate market. Moreover, Fokus will benefit from BlackFin’s combined industry experience and network in expanding to the Nordic market and further develop the product portfolio. The existing management team and other employees will continue their successful work providing clients with best-in-class management of real estate.
Since the launch in 2016 Fokus has built up a €2.7 bn portfolio in the Nordics across the office, residential, logistics and retail segments.
‘BlackFin has demonstrated a strong track-record of partnering with founder-led businesses in the European financial service industry,’ commented Fokus’ CEO and co-founder, Tonny Nielsen. ‘Most importantly, they share our vision of transforming Fokus into the leading full-service real estate investment and asset manager in the Nordics.’
He added: ‘We are looking forward to embarking on a common journey with BlackFin to further realise the potential of the company, to the benefit of both our current and potential new customers.’
Laurent Bouyoux, president and founding partner of BlackFin Capital Partners added: ‘BlackFin has a demonstrated history of supporting talented managers in scaling their businesses to create international champions through our unique combination of sector experience, know-how and leveraging our broad European network to drive growth. We are thrilled to further strengthen our presence in the Nordic region following two successful Fintech VC investments in Denmark.’
Fokus has been advised by Carnegie Investment Bank as financial advisor, Moalem Weitemeyer Advokatpartnerselskab as legal adviser and PwC as accounting and tax advisor in relation to the transaction. BlackFin has been advised by Deloitte as corporate finance, accounting and tax advisor, Kromann Reumert as legal advisor and CBRE as valuation advisor in relation to the Transaction.
BlackFin Capital Partners is an independent private equity firm led by its partners who have worked together as senior executives and entrepreneurs in the financial industry for decades. The team has a total of 35 professionals across offices in Paris, Brussels, and Frankfurt.
