Caisse to invest in Avison Young's acquisition of EQT-owned GVA
Avison Young has agreed to acquire GVA, a U.K. property advisory services business and affiliate of Germany's Apleona GmbH. Terms weren't released for the deal, which is expected to close in Q1 2019. The seller is Swedish private equity firm EQT, which acquired GVA as part of Apleona in 2016. Avison, a Toronto-based commercial real estate services provider, will combine GVA with its U.K. operations. It said the acquisition will help expand the company's footprint in Europe and beyond. Avison will fund the buy along with a refinancing in part through equity supplied by Caisse de dépôt et placement du Québec. Earlier this year, the Caisse made a $250 million preferred investment in Avison, facilitating the exit of Parallel49 Equity.
8 November 2018•7 mins read
