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Announced

Completed

Aware Super completed the €600m investment in Vivenio.

Financials

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Transaction Value£515m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales46x
EV/EBITDA253x
Share Price Premium-
One Off Charge-

Tags

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Private

real estate company

Majority

Spain

Single Bidder

Cross Border

Friendly

Private Equity

Acquisition

Real Estate Services

Completed

Synopsis

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Aware Super, Australia's second largest fund, completed the €600m ($714m) investment in Vivenio, a real estate company launched by Dutch pension provider APG Group and real estate company Renta Corporacion. "We are really proud of this new partnership with a leading international investor such as Aware Super. The additional commitment from both shareholders will allow us to grow further our quality portfolio, create significant synergies and economies of scale in our asset base and, most importantly, to keep providing our tenants with best-in-class residential properties," Daniel Loureda, Vivenio CEO.

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