Aedifica wins M&A Award for the acquisition of Hoivatilat

At the March 2021 M&A Awards ceremony, Aedifica received the award for ‘Best Large Cap Corporate Deal 2020’ for the acquisition of Hoivatilat, the Finnish healthcare real estate investor that develops innovative housing and care concepts in Finland and Sweden. This acquisition allowed Aedifica to enter into the Nordic healthcare real estate market and further strengthen the Group’s position as a European market reference in listed healthcare real estate.

To mark the occasion, Aedifica CEO Stefaan Gielens sat down for an interview about this landmark deal.

Watch Stefaan’s interview on Vimeo

This is a great reward for Aedifica’s international growth trajectory over the past years and motivates us to further pursue our successful strategy in the future.
Stefaan Gielens – CEO Aedifica

“Aedifica has a solid track record in terms of buy-and-hold,” Stefaan explains, “using this proven operating model, we have developed a portfolio of a couple of billion euros. Hoivatilat is more oriented towards development, they have a build and hold strategy. We saw the opportunity of combining our knowledge and experience, specifically in the Nordic market. Not only did this deal allow Aedifica to learn from Hoivatilat’s best practices, it also increased Hoivatilat’s investment potential in the Finnish and Swedish market.”

“In Europe, each country is a specific market,” Stefaan continues, “and in certain countries there are even differences between regions. That is why it is important to monitor these markets closely and to stay in continuous contact with local clients. The Finnish team helps us to access all the local players in Finland. Our headquarters are located in Brussels, but our company’s organic growth will be driven by our local teams”

“Since the acquisition of Hoivatilat, we are attracting a lot more attention in terms of capital and potential shareholders. Not just from London, also the US is discovering European healthcare real estate and Aedifica as a market reference. This deal created a lot of visibility for us and will generate even more deals in the future.”