Rockefeller Groups Buys Europa Capital Stakes

October 04, 2010 / Elizabeth Buckley, Commercial Property Analyst

The US Real Estate Company, Rockefeller Group International (RGI) has acquired major stakes in London-based fund manager Europa Capital LLP.

Rockefeller Groups Buys Europa Capital Stakes

Rockefeller Group is acquiring 75% shares in Europa Capital, the amount of the acquisition is not disclosed. This is the first British deal made by the company.

Advised by Credit Suisse, Rockefeller has been searching for a potential fund management acquisition that can be used as a spring board for the European market.

“We are impressed by the quality of the Europa management and appreciate the confidence with which they are regarded by their investors. This investment represents an exciting new chapter in the history of RGI and we look forward to the opportunity to share our considerable commercial real estate expertise with investors around the world,” said Rockefeller Group International CEO and President, Kevin Hackett.

Europa Capital LLC has invested 6 billion euros ($8.3 billion) in different European countries since 1995. The company will retain 25% of its controlling shares.

“This is a dynamic time for the real estate market and property fund management business and we see significant scope for developing our business from its established base through the introduction of a strategic investor with international reach,” the Europa officials said in a statement.

Europa also said that its business strategy remains the same, and its major principals, including Peter Cluff and others will remain in the company’s investment committee.

Rockefeller was established in 1928 by John D. Rockefeller Jr., an oil magnate. Currently, the company is owned by Mitsubishi Estate Co. of Japan.

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