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Report: Lone Star readying property developer Isaria for IPO or sale

Lone Star is considering a potential sale or IPO for German property developer Isaria Wohnbau AG in the autumn, Reuters reported, citing people close to the matter.

The private equity firm is targeting a valuation of approximately €500 million for the developer and has tapped VictoriaPartners as an adviser.

Lone Star acquired the property developer in 2016 at a valuation of €107 million, the report said.

The news agency could not get a comment on the matter from Lone Star, Isaria or VictoriaPartners.