Financing of iO Partners acquisition of JLL’s businesses in Czech Republic, Hungary, Romania and Slovakia

London – August 2023: North Wind Capital (“NWC”) the UK-based asset manager with a European presence, extended a working capital facility to support iO Partners’ acquisition of JLL’s Central Eastern European (CEE) businesses. In an advisory capacity, NWC will support iO Partners as it seeks to expansion plans in the region.

The deal paved the way for the transfer of all JLL’s existing Leasing, Capital Markets, Valuation Advisory, Consulting and Project Management delivery businesses on 1 July, 2023, to iO Partners in the Czech Republic, Hungary, Romania and Slovakia.

NWC will partner with iO Partners to service its new CEE client base, providing substantive synergies with NWC’s thematic real estate strategies. JLL will also partner with iO Partners under the deal and will retain its Workplace Management business.

iO Partners (iOP) is headquartered in Vienna, and will have offices in each of the Czech Republic, Hungary, Romania and Slovakia initially, with the ability to expand in the future into countries including Austria, Bulgaria, Slovenia, Serbia and Croatia.

Ben Williams, CEO at North Wind Capital comments: “NWC looks forward to working with iO Partners’ to support their expansion plans and service their clients across the CEE.”

ENDS.