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HOCHTIEF sells subsidiary formart to ActivumSG with advice from CMS

06/10/2014

Frankfurt/Main – Germany’s leading construction group, HOCHTIEF, has sold its property developer subsidiary, formart GmbH & Co KG, to Jersey-based private equity investor ActivumSG Capital Management.

A team led by Dr Malte Bruhns and Dr Martin Bell advised HOCHTIEF on all aspects of the design and implementation of the transaction. Due to the complexity and size of the transaction, a particularly large number of CMS team members from across Germany were deployed in addition to lawyers from CMS Luxembourg and CMS Austria.

Formart is Germany’s second largest project development company and is currently working on more than 70 projects with a total value of around EUR 1.3 billion. The purchase price corresponds roughly to formart’s asset value. The company plans, builds and sells residential property for private customers and institutional investors. Formart has seven regional offices in Germany as well as subsidiaries in Luxembourg and Austria. Until 2013 the company was a legally dependent business division of HOCHTIEF Solutions AG. It was spun off into a separate HOCHTIEF group company in preparation for the sale, with CMS acting as lead advisor.

This is the third time that CMS has successfully supported HOCHTIEF on a major M&A transaction in the last 12 months, following the sale of Aurelis and of Streif Baulogistik’s project services business.

CMS Hasche Sigle

Dr Malte Bruhns, Lead Partner
Dr Martin Bell, Lead Partner
Klaus Jäger, Relationship Partner for HOCHTIEF
Philipp Schönnenbeck
Dr Richard Mayer-Uellner
Dr Ralph Drouven
Dr Daniel Otte
Till Benjamin Liebau
Dr Martin Vorsmann
Erdinc Ünükür
Dr Petra Schaffner
Dr Holger Pattberg
Viktor Siwzow
Christian Ströbele, all Corporate/M&A

Dr Herbert Wiehe
Dr Philipp Schäfer
Dr Andre Frischemeier
Viktoria Dick, all Finance

Martin Krause
Dr Haris Uzunovic
Dr Dirk Rodewoldt
Dr Stefan Voß
Dr Simon Marschke
Martin Filip
Dr Katja Küpper
Beate Engin
Stefan Meusel, all Real Estate

Dr Sebastian Cording
Michael Kamps
Dr Heike Blank
Bernhard Freund
Dr Carsten Menebröcker
Sabine Stier
Antonia Witschel
Dr Dirk Smielick, all IP/IT

Dr Björn Otto
Dr Andrea Bonanni
Dr Angela-Sabine Emmert
Dr Andreas Hofelich
Dr Daniel Ludwig, all Employment

Dr Thomas Link
Marcus Fischer
Julius Hirtz
Tobias Schädle, all Tax/Tax Structuring

Kai Neuhaus, Merger Control/Competition

CMS DeBacker (Luxembourg)

Julien Leclère
Claude Feyereisen

CMS Reich-Rohrwig Hainz (Austria)

Clemens Grossmayer
Günther Hanslik
Iona Ovadias
Sibylle Novak

Press Contact
[email protected]

Publication
Press Release Hochtief, 07/10/2014
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