CapMan has acquired a majority stake in German real estate debt specialist Caerus Debt Investments, expanding its offerings to include private real assets debt.
CapMan said it has agreed to acquire a 51% interest in Caerus from its current shareholders for €4 million, with an additional payment of up to €2.6 million in cash depending on certain targets being met.
Michael Morgenroth, founder and CEO of Caerus, will retain a 49% ownership through his holding company Momo Beteiligungs.
Caerus was founded in 2012 as one of the first real estate debt investment managers in Germany. The company offers real estate debt financing across nearly all real estate segments with a focus on the DACH and Benelux region.
CapMan is a Nordic private asset manager with €6.4 billion in assets, investing across real estate, infrastructure, natural capital and companies. Through the Caerus transaction, CapMan said it is creating a new real asset debt investment business that complements the existing real estate, infrastructure and natural capital investment units.
Once the deal is finalised Morgenroth will be appointed to CapMan’s management group as managing partner for the newly created real asset debt investment unit.
Source: realassets.ipe.com on the 19th of June