Who will be the new direct parent of Engel & Volkers after the merger?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
We have several parents. We are a majority-owned subsidiary of Engel & Völkers U.S. Holding GmbH ("U.S. Holding GmbH"), a German limited-liability company which was organized in December 2005. US. Holding GmbH is wholly-owned by Engel & Völkers Residential GmbH, a German limited liability company, formerly known as Engel & Völkers Immobilien GmbH, which was organized in December 1977 ("E&V Residential"), which is in turn wholly-owned by Engel & & Völkers GmbH, formerly known as Engel & Völkers AG ("E&V GmbH") which is wholly owned by Engel & Völkers Holding GmbH ("E&V Holding GmbH
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS, AND AFFILIATES (FDD pages 8–15)
What This Means (2025 FDD)
According to Engel & Volkers's 2025 Franchise Disclosure Document, E&V Residential will become the new direct parent company of Engel & Volkers. This change is expected to occur around May 2025, following a merger between U.S. Holding GmbH and E&V Residential, with E&V Residential being the surviving entity.
This restructuring has implications for the franchise network, as E&V Residential already offers franchises in the residential sector in Germany and other countries. This suggests a potential for increased integration and standardization of practices across different regions where Engel & Volkers operates.
The ultimate parent company of Engel & Volkers remains Permira, a Luxembourg-based limited liability company. While the direct parent is changing, the overall ownership structure at the highest level is not affected by this merger. Franchisees may want to understand how this new direct parent will impact the operations and support provided to them.