Almelo, 20 February 2020 - On 19 February 2020, investment company Quadrum Capital transferred the entire package of shares in area and real estate developer VanWonen to real estate fund ActivumSG Fund VI. This transaction marked the conclusion of one successful growth phase for VanWonen, and the start of a new phase. For Quadrum Capital, the share transfer represents an important addition to the fast-growing track record of the company, which since its establishment in 2013 has consisted of three funds and a series of deal-by-deal investments.
VanWonen, which originally emerged from property developer AM (part of Koninklijke BAM), has since its foundation in 2017 been held by the Quadrum Habitat Fund, managed by Quadrum Capital. The transfer to real estate fund manager ActivumSG Fund VI, itself managed by ActivumSG Capital Management, marks the completion of an important growth phase in the development of the company. As explained by Peter Oostenenk, partner at Quadrum Capital: ‘Since its foundation, VanWonen has grown rapidly into a successful, independent area and real estate developer, with a rock-solid position in North and East Netherlands. With ActivumSG as new major shareholder, the ideal starting point has been established for accelerating the further expansion of VanWonen’s ambitious growth strategy as a Dutch developer.’
The management of VanWonen will retain its position as shareholder. VanWonen founder and Managing Director Alfred Bolks explained: ‘We owe a real vote of thanks to all our initial shareholders for the confidence they have shown in us, and fully recognise their support in this strategically important transaction.’
The VanWonen share transaction is to date the largest investment within ActivumSG’s fund VI. Saul Goldstein, founder and managing partner of the investment company specialising in real estate projects, said: ‘VanWonen is a strong market player. In 2019, VanWonen sold around 600 owner-occupier and rented properties and generated gross turnover of around 120 million euros. In 2020, they expect to sell 800 properties. The synergy within our fund will enable us to create opportunities based on that market position, and to further expand the success of VanWonen in the very competitive housing market.’
Quadrum Capital was assisted in this transaction by corporate finance consultant Rothschild & Co. The other consultants involved in the transaction were Deloitte, NautaDutilh and Atlas Tax Lawyers. ActivumSG is advised by Greenberg Traurig, Cushman & Wakefield and PricewaterhouseCoopers.
About VanWonen
Creating homes and living environments for the healthiest generations. That is VanWonen's mission, as an area and property developer. The focus is on developing owner-occupied and rental housing. From city centre transformations to new construction in outlying areas, both large- and small-scale and increasingly in combination with commercial property, care or other mixed forms. Areas that are good for people and planet and in which municipalities and clients see their ambitions translated in a sustainable way. From the shared desire of a healthy, future-proof society.