Permira Funds to acquire strategic majority stake in Westbridge Advisory from GENUI
PE FORUM > Blog > Fundraising News > Permira Funds to acquire strategic majority stake in Westbridge Advisory from GENUI
– Permira funds have agreed to acquire a majority stake in Westbridge Advisory, a European energy and sustainability advisory firm for institutional real estate clients.
– Westbridge’s founders will reinvest significantly alongside Permira funds, while GENUI will fully exit the business.
– Closing is subject to regulatory approval and expected by Q1 2025.
– Westbridge was founded in 2015, headquartered in Frankfurt with offices in London, Warsaw, and Zurich.
– Trusted advisor to over 600 institutional real estate clients.
– Services include energy procurement, green building certifications, ESG data management, and sustainability consulting.
– Demonstrates double-digit revenue growth, driven by demand for green energy and ESG compliance in real estate.
– Permira’s Goals and Vision is to support Westbridge’s organic and acquisitive growth plans, including international expansion.
– Align investment with Permira’s climate-focused strategy and commitment to the DACH region.
– Yama Mahasher, CEO, Westbridge: Expressed excitement about partnering with Permira to internationalize and grow Westbridge while driving energy transition in real estate.
– Florian Kreuzer, Head of DACH, Permira: Highlighted Permira’s alignment with Westbridge’s role in reducing the real estate sector’s carbon footprint and its climate-focused investment strategy.
– David Brückmann, Managing Director, Permira: Emphasized leveraging Permira’s expertise to help Westbridge expand into new markets.
– “It has been a pleasure for our team and GENUI Entrepreneur Andreas Jacobs as Chairman of Westbridge’s Board, to support Westbridge in scaling not only the business and footprint but also the significant environmental impact of the Company”, said Max Odefey of GENUI.
– Under GENUI ownership, Westbridge achieved a sevenfold sales increase and completed strategic acquisitions.
– GENUI wished the team and Permira success in Westbridge’s next growth phase.
– Permira funds have agreed to acquire a majority stake in Westbridge Advisory, a European energy and sustainability advisory firm for institutional real estate clients.
– Westbridge’s founders will reinvest significantly alongside Permira funds, while GENUI will fully exit the business.
– Closing is subject to regulatory approval and expected by Q1 2025.
– Westbridge was founded in 2015, headquartered in Frankfurt with offices in London, Warsaw, and Zurich.
– Trusted advisor to over 600 institutional real estate clients.
– Services include energy procurement, green building certifications, ESG data management, and sustainability consulting.
– Demonstrates double-digit revenue growth, driven by demand for green energy and ESG compliance in real estate.
– Permira’s Goals and Vision is to support Westbridge’s organic and acquisitive growth plans, including international expansion.
– Align investment with Permira’s climate-focused strategy and commitment to the DACH region.
– Yama Mahasher, CEO, Westbridge: Expressed excitement about partnering with Permira to internationalize and grow Westbridge while driving energy transition in real estate.
– Florian Kreuzer, Head of DACH, Permira: Highlighted Permira’s alignment with Westbridge’s role in reducing the real estate sector’s carbon footprint and its climate-focused investment strategy.
– David Brückmann, Managing Director, Permira: Emphasized leveraging Permira’s expertise to help Westbridge expand into new markets.
– “It has been a pleasure for our team and GENUI Entrepreneur Andreas Jacobs as Chairman of Westbridge’s Board, to support Westbridge in scaling not only the business and footprint but also the significant environmental impact of the Company”, said Max Odefey of GENUI.
– Under GENUI ownership, Westbridge achieved a sevenfold sales increase and completed strategic acquisitions.
– GENUI wished the team and Permira success in Westbridge’s next growth phase.