BERLIN – Sept. 18, 2025 – Global law firm Greenberg Traurig advised Gewobag ID, a subsidiary of Berlin-based municipal housing company Gewobag AG, on the conversion of an existing convertible loan agreement into shares in managbl.ai GmbH and the subsequent sale of the company to casavi GmbH.
As part of this transaction, the Gewobag subsidiary Gewobag ID acted as a municipal company focused on promoting startups and digitization projects in the housing industry in Berlin. The sale to casavi shows how public entities can be involved in innovative processes and developments in the industry.
Managbl.ai GmbH develops artificial intelligence-supported solutions for the digitalization of real estate management, with the goal of simplifying communication between tenants, property managers, and cooperatives. Now, casavi GmbH, a leading property technology company in the DACH region, is assuming control of managbl.ai GmbH.
The Greenberg Traurig team, led by Berlin partner Natalie Hsiao, advised Gewobag ID throughout the process, including structuring and implementing the conversion of existing convertible loans into shares, the legal structuring and negotiation of the investment and transaction documentation, and advising Gewobag ID on the sale of all shares to casavi GmbH.
Background:
Greenberg Traurig has been advising Gewobag ID and other subsidiaries of Gewobag AG on various legal matters for many years.