We initiated dialogue between a property asset manager / developer and a corporate recovery boutique resulting in the formation of a specialist property turnaround vehicle. We were the catalyst for its inception and played a key role in its structuring and foundation. As a result and in light of our on-going involvement we have become a material shareholder and continue to play an active role in growing the business.
The vehicle’s primary objective is to work in partnership with banks or sponsors on projects requiring a combination of work-out expertise and fresh capital in the development or portfolio asset management arenas.
We have helped the group raise £20m of seed capital and have formed a number of sidecar investor relationships that can be utilized for larger transactions.