November 13, 2018

Milbank Advises Apleona on Sale of GVA

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Apleona Limited, an EQT VII portfolio company, has entered into a definitive agreement with Avison Young (Canada) Inc., a Canada-based commercial real estate firm, under which Avison Young will acquire GVA, a 100% subsidiary of Apleona.

UK-based GVA is a multi-disciplinary business offering clients advisory services that span the entire proper-ty life cycle from strategy and planning through to delivery. The firm has 1,500 employees in 15 offices in the UK, Ireland and Poland. GVA was acquired by EQT as part of Apleona in September 2016.

The sale marks an important step in transforming Apleona into the leading European provider of real estate management services and significantly expands Avison Young’s footprint in Europe.

The transaction is subject to customary regulatory approvals and expected to close during the first quarter of 2019.

Adviser to Apleona/EQT: Milbank, Tweed, Hadley & McCloy LLP

Dr. Steffen Oppenländer (lead Corporate/M&A, Munich), Mark Stamp (Corporate/M&A, London), Dr. Rolf Füger (Tax, Munich), Dr. Alexander Rinne (Regulatory, Munich), Anna Bryant (Corporate/M&A, London), Stephen McNeil (Corporate/M&A, London), Vanessa van Weelden (Regulatory, Munich), Katherine Sloanes (Employment and Benefits, London), Danielle Brown (Finance, London)