Together with a group of private investors, the Management of IBUS has obtained all shares in The IBUS Company in Hoofddorp through a Management Buy Out. This MBO guarantees the continuation of the Company's independent position for the future. The new shareholders fully subscribe to the Company's independent and unbiased investment philosophy based on fundamental research.
The MBO has been structured such that it will bare no influence to the financial capacity of IBUS, nor will it in any way affect the position of the participants in the funds managed by IBUS. The majority of the MBO was financed by equity.
The management, supported by the new shareholders, will continue the successful policy it developed over the past years, in which a very selective acquisition approach and an emphasis on timing and exit will continue to be the leading principles.
The IBUS Company was established in 1992 by Onno Husken, former Chief Executive Officer of Wereldhave N.V. and Kempen & Co. IBUS develops and invests in office, retail, residential and hotel properties in the United States, the United Kingdom, France and Germany. Since inception, 39 real estate funds, with a total investment consideration in excess of EUR 1,0 billion, have been introduced with private and institutional investors. Over the years, more than half of these investments were successfully sold. On a regular basis, from its independent position, IBUS uses its knowledge and experience to advise financial institutions, listed companies and institutional investors. These assignments are mainly directed towards portfolio analysis, asset allocation policy, investment strategy and second opinions on direct and indirect real estate investments. The expertise is also applied to managing third party real estate investment trust portfolios. A team of over 30 professionals is based in offices in the Netherlands and the United States.
Source: The IBUS Company