Diversified Financial Services
Company Overview of Hypo Real Estate Holding AG
Hypo Real Estate Holding AG, together with its subsidiaries, engages in real estate financing, public sector and infrastructure financing, and capital market and asset management business activities. It provides real estate financing instruments, including financing investment projects, development finance, cross-border portfolio financing, bridge finance for investments, standby/backup facilities, and derivatives; financial services in the area of public investment finance comprising financing of projects, such as public sector facilities, municipal and residential construction, utilities, essential infrastructure, and health care facilities. The company also offers guaranteed loans, financ...
Freisinger Strasse 5
Key Executives for Hypo Real Estate Holding AG
Chairman of Management Board and Chief Executive Officer
Chief Financial Officer and Member of Management Board
Chief Risk Officer and Member of Management Board
Deputy Chief Executive Officer of Hypo Real Estate Capital Corp
Treasurer and Member of Management Board
Compensation as of Fiscal Year 2013.
Hypo Real Estate Holding AG Key Developments
Deutsche Pfandbriefbank AG and Hypo Real Estate Holding AG Appoints Andreas Schenk as Chief Risk Officer
Mar 3 14
Deutsche Pfandbriefbank AG and Hypo Real Estate Holding AG announced the appointment of Andreas Schenk to the management board of both companies as chief risk officer, effective March 1, 2014. Manuela Better, CEO and chairman of the management board of both banks, currently handles the responsibilities of chief risk officer. Better will take over the responsibilities for human resources at management board level starting March 1, 2014. Schenk has been head of credit risk management at Deutsche Pfandbriefbank since November 2012 and was appointed senior general manager in this role in November 2013.
Hypo Real Estate Reportedly Attracts Alot Of Investors In Bid Of DEPFA
Feb 3 14
Hypo Real Estate Holding AG has attracted bids of between €200 million and €350 million for its DEPFA Bank plc, reported Bloomberg citing two people familiar with the matter. A preferred bidder could be selected within four weeks, said the people, who asked not to be identified because the talks are private. J.C. Flowers & Co. LLC, Apollo Global Management, LLC (NYSE:APO) and a group led by Third Point Offshore Investors Limited (LSE:TPOU) each made an offer, and The Blackstone Group L.P. (NYSE:BX) filed a joint bid with Och-Ziff Capital Management Group LLC (NYSE:OZM), people familiar added. Walter Allwicher, spokesman for Hypo Real Estate said, "We have received bids which we are evaluating and I can’t comment any further." Oswald Gruebel, former Chief Executive Officer of UBS AG and Credit Suisse Group AG, is involved in a bid with at least one Middle East sovereign-wealth fund, said one of the people. J.C. Flowers declined to comment. Elissa Doyle of Third Point, Jonathan Gasthalter, a spokesman for Och-Ziff at Sard Verbinnen & Co., Peter Rose, a spokesman for Blackstone, and Gruebel also declined to comment.
Investors Reportedly Eyes Depfa
Sep 12 13
Apollo Global Management, LLC (NYSE:APO); Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR); Lone Star Funds; Cerberus Capital Management, L.P.; The Blackstone Group L.P. (NYSE:BX); and J.C. Flowers & Co. LLC; have expressed interest in DEPFA Bank plc of Hypo Real Estate Holding AG, several people familiar with the situation said. A consortium of hedge funds including Third Point Offshore Investors Limited (LSE:TPOU) continues to be interested, a person familiar with the investor group said. Tentative bids are due in several weeks, although a signing of the deal is unlikely to happen in 2013, one of the sources said. According to Reuters, Hypo Real Estate, Citi (C.N) - which is running the sale - and the suitors declined to comment and Third Point was not immediately available for comment. Hypo Real Estate has to sell Depfa by the end of 2014 and its DEPFA Deutsche Pfandbriefbank AG unit by 2015 as a condition of the European Commission's approval of its state bailout. Sector bankers said that Hypo Real estate is facing an uphill battle with the sale as any private equity investors - which unlike some big banks usually do not have cheap and easy access to bond markets - would have to shoulder relatively high refinancing costs. "It is possible that we will see Depfa end like Austria's Kommunalkredit, which is being wound down after no buyer emerged," one of the bankers said.
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