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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