Alvarez and Marsal Acquires Captiva, Germany

FRANKFURT, Germany—Alvarez & Marsal has acquired Captiva Capital Management GmbH, a Hamburg, Germany-based real estate asset management firm. CCMG will now be called A&M Captiva and will enable A&M to provide end-to-end real estate advisory, asset management and investment services that will benefit clients.

Continuing under the direction of Stephan Fritsch, A&M Captiva manages some $900 million (€700M) in German commercial real estate assets on behalf of institutional clients, providing them with direct access to a broad, diversified network experienced in all sectors of the real estate market.

Robin Priest, leader of A&M Real Estate Advisory Services in Europe, will support the growth of the A&M Captiva business and will serve with Fritsch on the A&M Captiva Management Board.

“Germany is a key European real estate market for international investors,” Priest said. “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.”

Fritsch added: “Our objective is to substantially increase assets under management and to expand our presence both in Germany and across Europe. As a hands-on asset manager, we are well positioned to handle the acquisition and sale of assets and portfolios on behalf of clients as well as the associated leasing, refurbishment, maintenance and oversight of day-to-day property management, which are all central to achieving their business objectives.”

According to Tom Kolaja, A&M country head for Germany and Central Europe, “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. That's something to be excited about.”

Founded in 1983, Franfurt-based Alvarez & Marsal Holdings, LLC is a global professional services firm based in more than 40 international locations that delivers operational and financial performance improvement, turnaround and interim management and business advisory services.