Alvarez & Marsal acquires Captiva Capital Management

06 October 2014

Alvarez & Marsal has acquired Captiva Capital Management, a German real estate management and advisory firm. As part of the integration, Captiva Capital Management will be rebranded to A&M Captiva.

Captiva Capital Management was established in 2001 and has since grown to a pan-European real estate player, with offices in Hamburg, London, Luxembourg and Paris. The firm specialises in real estate asset management – to date it has purchased more than 1,700 properties with a market value exceeding €11.1 billion, and currently it manages roughly €700 million in commercial real estate assets on behalf of institutional clients.

Alvarez Marsal - Captiva Capital Management

Founded in 1983, Alvarez & Marsal is a global professional services firm, with more than 40 offices across the globe. The company supports clients with business advisory, operational and financial performance improvement, turnaround and interim management services.

Real estate portfolio
With the acquisition, Alvarez & Marsal will significantly boost its real estate portfolio, in particular in Germany, one of its largest markets in Europe. “Germany is a key European real estate market for international investors. The A&M Captiva team’s extensive experience and credibility in real estate asset management, combined with A&M’s multi-national platform will create tremendous opportunities. It is a natural step in broadening A&M’s real estate service offering,” says Robin Priest, leader of A&M Real Estate Advisory Services in Europe.

On top of bolstering its real estate offering, the move – which in essence sees A&M diversify outside the traditional consulting industry – will give Alvarez & Marsal access to a new industry and new group of clients. “A&M’s acquisition of CCMG will help to deepen our relationships with institutional investor clients and other market participants, and benefit businesses across Germany and Europe. A&M Captiva provides us with additional ways to help drive value creation opportunities for our clients,” explains Tom Kolaja, the firm’s country head for Germany and Central Europe, hinting at the fact that Alvarez & Marsal aims at ‘cross-selling’ its consulting services to its real-estate clients. “That’s something to be excited about.”

Robin Priest - Tom Kolaja - Stephan Fritsch

Growth strategy
A&M Captiva will be led by Stephan Fritsch, previously Managing Director of Captiva Capital Management and head of its German office, and Robin Priest. The new leadership has following the deal announced a growth strategy: “Our objective is to substantially increase assets under management and to expand our presence both in Germany and across Europe,” says Fritsch.