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Avison Young recapitalization targets lower leverage and growth
The company expects the transaction to close in October, cutting debt and preferred equity by nearly 70% and reducing its debt-to-EBITDA ratio to below 3x.
Avison Young has announced a recapitalization designed to deleverage its balance sheet and fund further expansion, with the deal expected to close in October. According to ConnectCRE, the company will reduce its debt-to-EBITDA ratio to less than 3x and cut debt and preferred equity by nearly 70%.
The recapitalization also gives key financial partners a common equity position, aligning their interests as Avison Young looks to grow through acquisitions and hiring. Chair and CEO Mark E. Rose said the transaction provides a “war chest” for strategic deals, broader platform capabilities, and recruiting talent.
Rose told ConnectCRE that the company began work on the solution in spring 2025, evaluating different ways to convert stakeholders’ investment into a structure meeting the needs of all parties. The approach included a 70% debt-to-equity swap, which the company said should support building a pool of capital for additional new money from stakeholders.
Avison Young said the recapitalization builds on its 2024 recapitalization and is part of a wider rethinking of how to produce outcomes for its long-time financial stakeholders and company principals. Rose also referenced the firm’s past acquisition-led growth as it targets continued scaling after the closing date.