Clearwater International France has advised Primonial Holding, on a strategic alliance with AviaRent, a key player on the German market for asset management in the health and education sectors.
Primonial is one of the leading European asset management platforms with a fund value over €16bn. In the area of care and education the company manages over €3.5bn across Europe. With a fund volume of €1bn and a market share of approx. 20% in the care sector, AviaRent is one of the market leaders in Germany. The cooperation now has a fund volume of more than €4.5bn and strengthens with it the joint position in the area of social infrastructure.
Through the joint strategy, the portfolio of residential real estate is expected to grow by about 30 % within one year. In addition, the alliance will expand its investment activities across the entire range of social investments.
The Clearwater International France team, led by Managing Partners Laurent Camilli and Benjamin Zayat with the support of Marie-Clémence Harang, Associate Director and Matthias Krimmel, Associate, advised Primonial Holding on this transaction.
Dan-David Golla, CEO, AviaRent commented: “The goal of this strategic alliance is, above all, the internationalization, the growth and expansion of the market leadership in the field of social infrastructure. The use of synergy effects in the area of joint asset management and the effort to meet the legal requirements in regard to the AIFM simplify com-mon procedures.”
Laurent Fléchet, Deputy CEO, Primonial added: “Our partnership with AviaRent Capital Management, a company that is a key player in the field of healthcare real estate in Germany and that shares our values, is a major accomplishment at a decisive moment in the history of Primonial. This alliance will strengthen our position as a leading asset manager in healthcare and education real estate in Europe.”