We were approached by a private investor looking for an equity partner to complete the acquisition of a portfolio of office buildings in Scotland. The assets were each fully occupied by good tenants on long leases but the acquisition yield was attractive particularly in light of specific angles that existed on each that could yield incremental returns. Our client had approximately 25% of the required equity for the transaction and was looking for a partner who could leverage his position further through a promote in the event the deal performed.
- Working with our client to understand the opportunity in detail and put together a financial model to help evaluate the position from a co-investment perspective.
- Originating and negotiating a competitive senior debt facility to help improve the equity returns further.
- Discretely approaching a handful of co-investment partners.
- Working with the client to select an appropriate partner and negotiate.