• Transactions

GAGFAH Disposal of Social Real Estate Portfolio

The Company

GAGFAH S.A. is one of the largest real estate companies in Germany with more than 140,000 residential units and approx. 35,000 flats managed for third parties. The company was founded in 1918 as a non-profit public limited company and was acquired by Fortress in 2004 for approximately EUR 3.5 billion.

The Transaction

In addition to the residential units, GAGFAH also owned a heterogeneous portfolio of five properties for elderly people in Dortmund, Hamm, Buxtehude and Meißen as well as Hannover. As part of a structured sales process with the support of ARGONAS, the first four properties were sold to an institutional investor and the property in Hanover to a private investor. The portfolio sold comprised a total of 365 nursing places, 261 units for assisted living and 111 flats for elderly people. Both sales took place as part of an asset deal.

Scope of Mandate

ARGONAS has fully advised and supported the company as exclusive sell-side advisor in all aspects of the preparation and implementation of the process.

Sebastian Bauch

MANAGING DIRECTOR/CO-FOUNDER

Sebastian Bauch is Managing Director at ARGONAS und has more than 15 years of experience in Corporate Finance Advisory und Consulting. 

At ARGONAS, Sebastian leads M&A and financing projects across a broad spectrum of industries, sectors and company situations. Sebastian’s focus areas are the sectors Software / Technology, Healthcare and Retail / E-Commerce as well as the support of growth businesses. 

Selected transaction references comprise inter alia the sale of Nissen & Velten Software to Main Capital as well as the buyout financing of Italpresse for Auctus Capital Partners. 

Prior to co-founding ARGONAS, Sebastian worked for IEG – Investment Banking in Berlin between 2006 and 2011, where he advised midmarket companies as well as multinational corporations on midmarket M&A transactions in Germany, Eastern Europe, Turkey and India. Sebastian previously also worked at BearingPoint in Frankfurt and KPMG in Hanover. 

Sebastian holds a degree in business administration from Humboldt-University Berlin.