Kildare Partners announced this week that it has hired J.P. Morgan to evaluate ‘strategic alternatives’ for its 100%-owned Nordic portfolio company Technopolis.
Kildare Partners acquired Technopolis in 2018, with an all-cash offer valuing the firm at €730 mln. Following the takeover, Technopolis was delisted from the official list of Nasdaq Helsinki.
During the past three years, Technopolis has grown its business significantly, partly through expansion into new markets across Northern Europe, such as Stockholm and Luxembourg.
It currently owns and operates a portfolio of more than 110 office buildings on 16 campuses across 6 countries and 11 cities in Northern Europe, which are home to 1,400 companies and 45,000 employees. In September the firm expanded in Sweden with the acquisition of the Kista Front office complex in Stockholm from Atrium Ljungberg in a share deal worth SEK 805 mln (€79 mln).
Kildare Partners is a real estate investment firm, founded in 2013. It has raised over €3.5 bn of discretionary, equity capital commitments from an institutional group of investors and is active across the United Kingdom, Germany, the Netherlands, Ireland, Italy, Finland, Sweden, Norway, France, Portugal, Belgium, Estonia, Lithuania and the United States.
