The partnership will enable Fokus 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.
Tonny Nielsen, CEO of Fokus AM, says:
“In Fokus, 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.”
The existing management team and other employees will continue their successful work providing clients with best-in-class management of real estate.
Completion of the transaction awaits customary approval from the authorities. 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.
Mads Skaarup, partner and head of Deloitte Corporate Finance’s Real Estate team, says about the transaction:
“We are thankful for the trust BlackFin has shown to us during the process, and look forward to following the newly established partnership in transforming Fokus into the leading full- service real estate investment and asset manager in the Nordics. Taking Fokus to the next level is planned to happen through organic growth and through takeover of existing platforms.”