Permira funds has acquired a majority stake in Engel & Völkers, an international property brokerage platform.
Founded in Hamburg in 1977, Engel & Völkers today has more than 11,500 real estate agents across 900 locations in more than 30 countries.
Dr. Jörg Rockenhäuser, Managing Partner DACH at Permira, said: “Christian, Sven and their team have built one of the most renowned brands and platforms in property brokerage with some of the world’s best property agents having chosen to work with Engel & Völkers. We are excited to support Engel & Völkers together with Christian and the management team in this digital transformation journey and further accelerate growth through leveraging our proven expertise in digitising successful businesses. The company has the opportunity to broaden its ecosystem significantly in a more direct and digital world.
Christian Völkers, Founder of Engel & Völkers, added: “Our overriding aim is to keep developing the company and driving innovation at all times. Together with Permira, we can further strengthen the positioning of Engel & Völkers as a global pioneer in the industry, and I will be able to implement my vision for the digitalization. We are certain that we will write our next chapter of the success story and are looking forward to our strong future together.”
