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Financing of iO Partners acquisition of JLL’s businesses in Czech Republic, Hungary, Romania and Slovakia
London, August 2023: Feanor Capital Partners, a UK-based private capital firm with a European presence, has extended a working capital facility to support iO Partners' acquisition of JLL's Central and Eastern European (CEE) businesses. Feanor Capital Partners will also act in an advisory capacity as iO Partners pursues its expansion plans across the region.
The deal enabled the transfer, on 1 July 2023, of JLL's existing Leasing, Capital Markets, Valuation Advisory, Consulting, and Project Management businesses to iO Partners in the Czech Republic, Hungary, Romania, and Slovakia.
Feanor Capital Partners will partner with iO Partners to support its new CEE client base, creating substantial synergies with Feanor's real estate strategies. JLL will also partner with iO Partners under the deal and will retain its Workplace Management business.
iO Partners is headquartered in Vienna, with initial offices in the Czech Republic, Hungary, Romania, and Slovakia, and the potential to expand into markets including Austria, Bulgaria, Slovenia, Serbia, and Croatia.
ENDS.
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