Colony Capital Completes Acquisition of Abraaj Group’s Private Equity Platform in Latin America
April 18 2019 - 9:00AM
Business Wire
Colony Capital, Inc. (NYSE:CLNY) (“Colony”) has closed its
acquisition of Abraaj Group’s private equity platform in Latin
America (the “Company”). The transaction was first announced on
January 23, 2019. The Company has been renamed Colony Latam
Partners and will continue to be headed by the Company’s senior
management team, led by Miguel Olea, Hector Martinez, Gerardo
Mendoza and Eduardo Cortina. The Company currently manages
over US$700 million and has made 22 investments across Latin
America since its establishment in 2006.
“Colony is thrilled to complete this acquisition and to partner
with the premier private equity investment team in Latin America.
The growth opportunity in these markets is significant and we look
forward to growing and expanding our platform in the years ahead,”
said Justin Chang, Managing Director and Global Head of Private
Equity for Colony Capital.
Mr. Miguel Olea said, “Latin America is becoming a preferred
investment destination, given the potential unleashed by the growth
of the middle class, the urbanization landscape and two decades of
political stability. The Colony Latam team has been investing in
this region since 2006, targeting the mid-cap companies that will
benefit from growth capital to scale up their presence locally, and
eventually, globally. The new venture combines a strong global
platform and a local team with a solid track record to take on
these interesting opportunities.”
About Colony Capital
Colony Capital, Inc. (NYSE: CLNY) is a leading global investment
management firm with assets under management of $43 billion. The
Company manages capital on behalf of its stockholders, as well as
institutional and retail investors in private funds, traded and
non-traded real estate investment trusts and registered investment
companies. The Company has significant holdings in: (a) the
healthcare, industrial and hospitality property sectors; (b) Colony
Credit Real Estate, Inc. (NYSE: CLNC) and NorthStar Realty Europe
Corp. (NYSE: NRE), which are both externally managed by
subsidiaries of the Company; and (c) various other equity and debt
investments. The Company is headquartered in Los Angeles with key
offices in New York, Paris and London, and has over 400 employees
across 17 locations in ten countries. For additional information
regarding the Company and its management and business, please refer
to www.clny.com.
Cautionary Statement Regarding Forward-Looking
Statements
This press release may contain forward-looking statements within
the meaning of the federal securities laws. Forward-looking
statements relate to expectations, beliefs, projections, future
plans and strategies, anticipated events or trends and similar
expressions concerning matters that are not historical facts. In
some cases, you can identify forward-looking statements by the use
of forward-looking terminology such as “may,” “will,” “should,”
“expects,” “intends,” “plans,” “anticipates,” “believes,”
“estimates,” “predicts,” or “potential” or the negative of these
words and phrases or similar words or phrases which are predictions
of or indicate future events or trends and which do not relate
solely to historical matters. Forward-looking statements involve
known and unknown risks, uncertainties, assumptions and
contingencies, many of which are beyond our control, and may cause
actual results to differ significantly from those expressed in any
forward-looking statement. Additional information about these and
other factors can be found in Colony Capital’s reports filed from
time to time with the Securities and Exchange Commission.
Colony Capital cautions investors not to unduly rely on any
forward-looking statements. The forward-looking statements speak
only as of the date of this press release. Colony
Capital is under no duty to update any of these
forward-looking statements after the date of this press release,
nor to conform prior statements to actual results or revised
expectations, and Colony Capital does not intend to do
so.
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