Deals & Cases

Homburger advised Swiss Prime Site AG on the acquisition of Akara Group

On December 16, 2021, Swiss Prime Site AG announced the acquisition of the Akara Group in Zug, a founder-managed real estate asset manager with around CHF 2.3 bn in assets under management.

Akara Funds AG was established in 2016 by Karl Theiler and Jonathan van Gelder and developed into a FINMA-regulated fund manager with a focus on residential and commercial real estate. The group further includes Akara Real Estate Management AG which provides development, realization, management and marketing services as well as Akara Property Development AG, which provides management services for a limited partnership for collective investment (KmGK). The Group employs around 50 real estate professionals, all of whom will be taken over. The real estate assets under management total approximately CHF 2.3 bn and consist of the «Akara Diversity PK», a real estate fund for tax-exempt pension funds, the private equity product «Akara Property Development 1 KmGK» and a development pipeline of more than CHF 240 m.

Homburger advised Swiss Prime Site in all legal matters of this transaction. The Homburger team was led by partner Daniel Hasler and included associate Angela Oppliger (both Corporate / M&A), partner Jürg Frick and associate Manuel Baschung (both Financial Market Regulation), associate Gabriel Kasper (IP / IT) as well as junior associates Tobias Scheiwiler and Ferdinand Berthold (both Corporate / M&A) and Pascal Theis (Financial Market Regulation).