Drew & Napier acted in ERA Real Estate Management Buyout

20 Aug 2013

Drew & Napier acted for Hersing Corporation Pte Ltd in the sale of its ERA Real Estate franchise in Singapore to Northstar Group, Singapore headquartered private equity firm, in a management buyout.

ERA is the market leader in the real estate broking business in Singapore, with over 5,100 sales agents. ERA completed more than 44,000 sale transactions with a total property value of S$22.3 billion in 2012 in Singapore.

The acquisition by Northstar sees it entering the local real estate brokerage industry with a strong foothold and a ready platform for expansion.

Directors Sin Boon Ann and Steven Lo and Associate Directors Ron Cheng and Mark See led in this transaction.