Joachim Herz Stiftung makes a strategic investment into Competo Capital Partners GmbH: The Hamburg based foundation acquires 25% of the Munich based investment and asset management company from Körber Stiftung. Competo founders Ralf Simon and Thomas Pscherer will be equal shareholders with Joachim Herz Stiftung and Körber Stiftung. After several real estate investments in the USA, this investment marks the entry of Joachim Herz Stiftung in the German real estate market.
Competo Capital Partners GmbH is an independent investment and asset management company led by its founders with its core expertise in tailor-made investments in project developments as well as long-term investments in existing real estate. Since 2007, Competo has bundled selected institutional investors consisting nearly exclusively of foundations and family offices.
The foundation implements its non-profit goals particularly by domestic and international projects in the areas of personal development, sciences and economics. The foundation has total assets of approx. 1.3 billion Euros. Since 2017, approx. 16 million Euros are available per annum for non-profit work.
GvW has advised Joachim Herz Stiftung in this transaction with a cross-office team led by Christian Mayer-Gießen (Corporate/M&A, Hamburg) as well as Dr Ritesh Rajani (Corporate/M&A, Hamburg), Felix Wolf (Corporate/M&A, Munich), David Wende, Dr Magnus Dorweiler (both commercial real estate, Frankfurt) and Dr Carsten Bittner (antitrust/merger control, Hamburg).