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Sign in Sign up for a FREE subscriptionAvison Young closes milestone financial recapitalization transaction
Avison Young has closed a comprehensive financial recapitalization transaction with approval of 100 percent of its financial partners.
The transaction reinforces the company’s financial foundation by reducing its financial obligations by more than half and securing additional capital to advance its strategic goals.
“This transaction marks the start of our next chapter for Avison Young,” said Mark Rose, CEO and chair of Avison Young. “Our financial partners recognize that our principals are the heart of our business, and this deal will drive equity value for our shareholders and principals, as well as market-based compensation in the years ahead. We are excited about our prospects as we continue to strengthen and reposition our business as the industry recovers, while delivering best-in-class client service.”
Through the transaction, Avison Young will have a sustainable go-forward capital structure with a significantly de-levered balance sheet and new m