GSN Property Services has been acquired by a Chinese property developer

Deal News

GSN Property Services Co., Ltd. has been sold to a premium property developer in China.

 

Founded in 1996, GSN is the leading German property service provider in China. It has established four branches across China and focuses on offering high-quality services to multiple international and local clients related to workplace, commercial, education, residential, hospitality and healthcare properties. Its extensive client portfolio includes multinational corporations, embassies and international schools.

Oaklins’team in Shanghai advised the seller in this transaction. With extensive understanding and deal experience in business services, especially in facility management, the team ran a well-managed and strictly confidential process and optimized valuation with a straight 100% sale. The team negotiated terms with the buyers, coordinated the bidding and negotiation process and ensured a smooth closing and post-transaction integration process.

The transaction was closed during the special time of COVID-19. I am happy to have worked with the Oaklins team. I am impressed with their professionalism, process management, communication and negotiation skills, capability to offer financial and commercial due diligence, as well as their strong network in China’s public and private sectors. They made the transaction happen even without my physical presence in China during the six-month period.   Andreas Ermann Former Owner, Chairman and Managing Director, GSN Property Services Co., Ltd.

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Angela chen new 2
Angela Chen Shanghai, China
Managing Director
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