M&A Deal Summary

Equity International Acquires Fondo de Valores Inmobiliarios

On January 1, 2000, private equity real estate Equity International acquired real estate company Fondo de Valores Inmobiliarios

Acquisition Highlights
  • This is Equity International’s 2nd transaction in the Real Estate sector.
  • This is Equity International’s 1st transaction in Venezuela.
Investment Fate
  • Fondo de Valores Inmobiliarios was sold to a strategic buyer in 2006.

M&A Deal Summary

Date 2000-01-01
Target Fondo de Valores Inmobiliarios
Sector Real Estate
Buyer(s) Equity International
Deal Type Buyout (LBO, MBO, MBI)

Target

Fondo de Valores Inmobiliarios

Caracas, Venezuela
Fondo de Valores Inmobiliarios (FVI) is a publicly-held real estate company headquartered in Caracas, Venezuela. Founded in 1992 by CEO Luis Emilio Velutini, the Company is recognized as one of the leading property companies in Latin America. FVI owns one of the largest first-class office portfolios in Latin America. Major tenants include Exxon Mobil, Hewlett Packard and Citigroup. The Company has an expanding retail and entertainment portfolio, highlighted by the market-leading Plaza Tolon (anchored by the Spanish retailer Zara) and the Lagunita shopping centers.

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Buyer(S) 1

Buyer

Equity International

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Real Estate
Founded 1999
PE ASSETS 2.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Equity International is a private equity real estate firm focused on investment opportunities located outside the US. Equity International looks to co-invest alongside outside operating and financial partners when considering new projects or proposals. Specific areas of interest include the office, industrial, retail, entertainment, hospitality, finance, homebuilding and senior living sectors. The Firm's geographic interest lies in areas with economic growth, capital market inefficiency and limited competition. Equity International was formed in 1999 by Sam Zell and Gary Garrabrant and is headquartered in Chicago, Illinois.


DEAL STATS #
Overall 3 of 27
Sector: Real Estate M&A 2 of 14
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 16
Country: Venezuela M&A 1 of 1
Year: 2000 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 Corporate Properties of the Americas

Monterrey, Mexico

Corporate Properties of the Americas (CPA) is a privately-held company headquartered in Monterrey, Mexico. Founded in 2000 by Equity International and Denver-based Black Creek Group, the Company is among the largest professional industrial property companies in Mexico. From inception, CPA has exclusively focused on the acquisition, development and management of institutional quality industrial property. The Company?s disciplined and opportunistic approach has resulted in a national operating platform and one of the largest portfolios of modern industrial properties in Mexico. The Company enjoys strong brand awareness as the most active corporate builder in Mexico, having completed the 2.5-million-square-foot Ford Motor Company supplier park in Hermosillo. CPA has established outstanding relationships with a number of leading multinational companies such as Newell Rubbermaid, Caterpillar, Inland, Alcoa, Motorola and Fresenius. Additionally, the Company has a number of prominent Mexican corporate clients including Sabritas (Frito Lay), Bimbo and Liverpool.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-01 Homex

Culiacan, Mexico

Homex is a publicly-held homebuilding company headquartered in Culiacan, Mexico. Founded in 1989 by Eustaquio and Gerardo de Nicolas, the Company completed its initial public offering in June 2004 and is the only NYSE listed Mexican homebuilder (NYSE:HXM, BMV: HOMEX). Homex is a leading vertically-integrated home development company focusing on affordable entry-level and middle-income housing in Mexico.

Buy -