Investment Summary

GTIS Partners Invests In BHG

On September 24, 2018, private equity real estate GTIS Partners invested in leisure company BHG from GP Investments

Investment Highlights
  • This is GTIS Partners’ 1st transaction in the Leisure sector.
  • This is GTIS Partners’ 1st transaction in Brazil.

Investment Summary

Date 2018-09-24
Target BHG
Sector Leisure
Investor(s) GTIS Partners
Sellers(s) GP Investments
Deal Type Stake Purchase

Target

BHG

Rio de Janeiro, Brazil
BHG is a hotel chain, focused on business travel hotels. The company's strategy is to hold direct investment in hotel real estate assets, valuing based on the performance of its teams, specialized in asset management, engineering and investment. BHG was founded in 2009 and is based in Rio de Janeiro, Brazil.

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Investor(S) 1

Investor

GTIS Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Real Estate
Founded 2005
PE ASSETS 4.6B USD
Size Large
Type Sector Focused
DESCRIPTION

GTIS Partners is a 'hands-on' private real estate investment group focused on 'value-added' opportunities in the US and Brazil. The Firm will consider a variety of residential, retail, industrial, office, hotel and mixed-use projects. GTIS has a strong interest in assets with upside potential through development, redevelopment or improved management. The Firm also seeks to acquire non-performing and sub-performing loans secured by real estate assets. GTIS was formed in 2005 and has offices in New York City and Sao Paulo.


DEAL STATS #
Overall 1 of 1
Sector: Leisure M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Brazil M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 1

SELLER

GP Investments

Sao Paulo, Brazil

Category Private Equity Firm
Founded 1993
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GP Investments is a publicly-traded private equity group that targets opportunities in Latin/South America. GP targets mature businesses in traditional industries with revenues greater than $60 million (US). Prospective transaction situations include consolidations, non-core divestitures, acquisitions of family-owned businesses, recapitalizations, and restructurings. The Firm prefers control positions when pursuing transactions. GP will not invest in start-ups and avoids tech-related or biotech companies. GP was formed in 1993 and has offices in Bermuda and Sao Paulo, Brazil.


DEAL STATS #
Overall 11 of 12
Sector: Leisure M&A 2 of 2
Type: Stake Purchase M&A Deals 2 of 2
Country: Brazil M&A 9 of 10
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-16 Rimini Street

Las Vegas, Nevada, United States

Rimini Street is a third-party provider of enterprise software support services, including products licensed by Oracle, SAP, IBM, and Microsoft among others, saving the customer at least 50% on total support costs. Rimini Street was founded in 2005 and is based in Las Vegas, Nevada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-02 LBR

Sao Paulo, Brazil

LBR is a private dairy company. The company focused on UHT milk, but it went on to produce regular and special milk, fine cheeses, fresh and grated, milk cream, curd cheese, butter, dairy and soy-based drinks. LBR was founded in 2010 and is based in Sao Paulo, Brazil.

Sell -