Terra Firma forgoes fees in Deutsche Annington transfer

The private equity firm is transferring shares in the German property group to investors

Guy Hands’ private equity firm Terra Firma is foregoing five years of fees from its Deutsche Annington fund as it makes a rare transfer of shares in the German property group to investors, effectively dissolving the fund.

Investors in the €2.1 billion Terra Firma Deutsche Annington fund were today given direct shareholdings in Deutsche Annington Immobilien, the fund's only investment, pro rata to their investments in the fund, according to a statement.

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