Goldman Sachs completes Acquisition of Oikos Group GmbH to deliver sustainable prefabricated housing in Europe
Oikos Group GmbH (“Oikos”) today announced that the sale of the company to Goldman Sachs Asset Management (“Goldman Sachs”) from Equistone has been completed. All necessary closing conditions, including regulatory and anti-trust, have been satisfied.
Oikos is one of the leading European providers of direct to consumer prefabricated modular family homes, creating living spaces that are future-oriented and sustainable. The company, which, beyond its core market in Germany, is active in Austria, Switzerland, and the UK, currently employs around 1,300 people and increased its turnover to more than EUR 400 million in 2020.
Oikos develops flexible housing units with an emphasis on social purpose, quality design and the highest possible environmental standards. Oikos predominantly uses wood as a construction material, offering excellent insulation, lower heating costs and carbon capture during its growing phase.
Mike Ebeling, Managing Director at Goldman Sachs, said: “The flexible and sustainable approach of Oikos has made it a leader in its sector and we are excited to invest to support the company’s continued growth. Oikos is leading the way in a new approach to housing and its growth can pave the way for a more sustainable future for the industry. We are impressed by the strength of the Oikos Group team and believe they are well positioned to further scale the business.”
Marco Hammer, CEO of Oikos Group GmbH, adds: “We are excited to continue our growth trajectory with Goldman Sachs. With Goldman Sachs, we look forward to increasing our focus and importance in our strategy on digitalization and sustainability while addressing the robust demand for sustainability homes in Europe.”
Oikos operates under the Hanse Haus, Bien-Zenker and Living Haus brands. The multi-brand strategy provides the group with an excellent position in the market for prefabricated houses and enables it to serve a wide variety of customer groups, from shell construction to turnkey-ready housing solutions.
About Goldman Sachs Asset Management
Goldman Sachs is one of the world’s leading investors in alternative investments. With over 30 years of experience, we invest in the full spectrum of alternatives, including private equity, growth equity, credit, real estate, infrastructure, ESG, and absolute-return strategies. Our clients access these solutions through our direct proprietary strategies, customized strategic partnerships, and open-architecture programs. Our alternative investment teams represent over 1,000 professionals, across 50 offices around the world. We leverage the depth and breadth of global relationships across Goldman Sachs to identify investment opportunities, drawing on our firm-wide capital market insights, industry research, and risk management platforms. We extend these capabilities to the world’s leading pension plans, sovereign wealth funds, governments, financial institutions, endowments, foundations, family offices and individuals, for which we invest or advise on over $350 billion of alternative investments.
For Oikos Group GmbH:
Christian Garke +49 666198215
For Goldman Sachs:
Joseph Stein +44 207 774 4080