Schmidt & Bethge GmbH acquires 100 % of Richard Großmann KG

Translink Corporate Finance advises the shareholders of Richard Großmann KG, a Hamburg-based group of companies active in property management and real estate brokerage, on the sale of their shares to Schmidt & Bethge GmbH, a Hamburg-based house broker and property management company founded in 1912.

Richard Großmann KG is the basis of today’s group of companies. Founder Richard Großmann founded his company in 1913. With the takeover of further traditional real estate companies, the group enhanced its growth: Simon & Mühlenroth KG was taken over in 1981, Erich E. Beyer KG in 1995 and Carl Leisau KG in 2001.

Schmidt und Bethge GmbH is a real estate broker and property management company based in Hamburg, Germany. The group of companies currently manages around 2,800 apartments and commercial properties as well as 14,000 condominiums in Northern Germany and Berlin. 70 employees are responsible for administration. Schmidt und Bethge GmbH now consists of 10 real estate management companies, which have gradually supplemented the group of companies since 1950.

Translink Corporate Finance acted as the exclusive financial advisor to Richard Großmann’s shareholders.