Permira Joins the EV Family

Originally founded in Hamburg in 1977, Engel & Völkers has worked through the years to solidify its reputation as a highly regarded global brokerage for luxury property. With over 900 locations across 30 countries and more than 14,500 individuals within the brand, the company is committed to driving success and continuously strives for improvement. 

Engel & Völkers is thrilled to announce that in its journey for continued growth, it has gained a strong partner in global investment firm, Permira. With over 35 years of experience in international investment, Permira has built a reputation as one of the world’s largest investors in the tech sector by pushing intensified digitalization and internationalism. 

The global investor has agreed to acquire a majority stake in Engel & Völkers, while the Völkers family and part of the management will retain nearly 40% of company shares. Founder Christian Völkers will continue to serve the company as the Chairman of the Supervisory Board. 

Permira’s recognition of Engel & Völkers growth potential and unique brand positioning is what initially attracted the investor. Permira now intends to support the company by continuing to expand its global presence and leveraging their expertise in digitizing successful business. As a result of this partnership, Engel and Völkers expects commission revenues to exceed one billion euros by the end of the year and anticipates a plethora of expansion opportunities globally and locally.

For more information visit www.evatlanta.com