Square Asset Management acquired in a strategic M&A by Draycott

Akinn Group acted as sell-side corporate finance and M&A advisor in the recent sale of Square Asset Management.
Draycott has acquired 100% of the share capital of Square Asset Management – Sociedade Gestora de Organismos de Investimento Coletivo (Square AM), the largest independent manager of open-ended real estate investment funds in the Iberian Peninsula. The transaction was completed following approval from the Portuguese Competition Authority. Financial terms were not disclosed.

Square AM manages close to €3 billion in real estate assets through real estate investment funds, income funds and specialized vehicles serving both institutional and retail investors.

Among its flagship vehicles is CA Património Crescente, distributed by Crédito Agrícola, with more than 23,500 investors and over €1.4 billion in net asset value under management.