We advised Réponse's shareholders, including Liagre Participations, Rothschild and 123 Investment Managers, on its sale to Cushman & Wakefield to strengthen its project management business in France.
Réponse, founded in 1987 by the Liagre family in Paris, is a multi-specialist general contractor providing turnkey solutions for the renovation or expansion projects of corporates active in the real estate, retail, banking and hospitality sectors. Réponse also addresses individuals, mainly chalet owners.
Cushman & Wakefield is a major global real estate services provider headquartered in Chicago, IL, US, and listed on the New York Stock Exchange (NYSE: CWK), employing approximately 51,000 people in more than 70 countries and generating revenues of over $8bn per annum.
The strategic acquisition will complement and strengthen Cushman & Wakefield’s business in France, adding a leading in-house design & build capability alongside its existing services, which include Agency, Asset Services, Capital Markets, Development, Hospitality, Occupier Services and Valuation & Advisory.
