Marcel Boekhoorn has sold the High Tech Campus in Eindhoven (HTCE) to the American investment firm Oaktree Capital Management. Financial details haven’t been disclosed, but Boekhoorn bought the campus in 2012 for 425 million euros (link in Dutch) and is now getting what he’s calling a “super deal” in the Dutch magazine Quote – bigger than his 2005 Telfort divestment, which landed him nearly 1 billion euros. The transaction is expected to close around September/October. Current site management will remain in place.
Oaktree has 156 billion dollars in assets under management as of 30 June. The firm has over 1,000 employees and offices in 19 cities worldwide, including Amsterdam. According to the press release, it’s committed to growing the campus over the coming years and helping many existing and new tenants accelerate their businesses.
“We’re happy that we’ve found Oaktree as our new investor. They have a profound experience in science parks and are committed to helping us progress into the next phase of development,” states HTCE’s managing director Jan-Willem Neggers. Oaktree’s managing director Hermann Dambach says his firm is happy to become a member of the Brainport community. “We’re excited to be able to invest in HTCE, one of the best science and technology parks in Europe. We’re committed to expanding the park, modernizing some of the existing buildings and further developing the high-tech ecosystem.”