Affinius Capital has completed the acquisition of pan-European logistics developer/investor Mountpark.
The acquisition follows a decade-long joint venture between Affinius and Mountpark, which was founded by John Cutts.
As part of the transaction, Cutts is stepping down as chairman and leaving Mountpark to pursue private interests, and current Mountpark CEO, David Buck, is returning to the US to resume his prior role as head of global logistics for Affinius Capital.
In a separate transaction, investment vehicles managed by Affinius Capital have acquired Mountpark Logistics EU Sarl – the holding company owning the joint venture real estate assets.
Cutts said: “The strategic partnership that Len O’Donnell, David Buck and I began in 2014 has given rise to a decade of success for our clients, members of our respective teams, and both firms’ stakeholders. With the ownership transition complete, I have the utmost confidence that Mountpark and its customers, people and communities will enjoy continued success under Justin’s stewardship.”
Justin Hildebrandt, head of European business for Affinius Capital, who will return to lead the Mountpark business and continue parallel roles at Affinius Capital and Mountpark, added: “The Mountpark business and our joint venture have been a success story built upon the experience and innovation of our larger teams and long-standing relationships in Europe and globally.
“I’m honoured and incredibly excited to be part of the next phase of growth where we look to expand upon our collective industry expertise and market relationships to develop solutions for our occupier customers and capitalise on emerging opportunities for our investor clients.”
Len O’Donnell, CEO and chairman of Affinius Capital, said: “Ten years ago, we realised that Mountpark was an experienced and talented logistics developer in Europe, and we recognised that through our alignment the company could reach an even greater potential. Now, this transaction creates the next chapter and demonstrates the tremendous confidence we have in Mountpark’s principles and strategies. We share a focus on the value of relationships, and together we can facilitate continued success for our customers and investors.”
