M&A Deal Summary

Portland Private Equity Acquires Las Olas

On December 1, 2008, private equity firm Portland Private Equity acquired real estate company Las Olas for 35M USD

Acquisition Highlights
  • This is Portland Private Equity’s 1st transaction in the Real Estate sector.
  • This is Portland Private Equity’s 3rd largest (disclosed) transaction.
  • This is Portland Private Equity’s 2nd transaction in Dominican Republic.

M&A Deal Summary

Date 2008-12-01
Target Las Olas
Sector Real Estate
Buyer(s) Portland Private Equity
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 35M USD

Target

Las Olas

Dominican Republic
Las Olas is an affordable luxury beachfront condominium development project in the Dominican Republic.

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Buyer(S) 1

Buyer

Portland Private Equity

St. Michael, Barbados

Investor Investor Investor Investor Investor


Category Private Equity Firm
PE ASSETS 425M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Portland Private Equity LP is an investment group focused on opportunities across the Caribbean. Portland looks to partner with management when pursuing transactions, and targets 'simple', scalable businesses, with talented management. The firm invests in the range of $10 - $40 million per transaction. Portland's minimum investment size is $15 million. Portland Private Equity is based in Barbados.


DEAL STATS #
Overall 4 of 11
Sector: Real Estate M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 4 of 5
Country: Dominican Republic M&A 2 of 2
Year: 2008 M&A 2 of 2
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-01 Advantage General Insurance Co.

Kingston, Jamaica

Advantage General Insurance Co. Ltd. provides a wide range of general insurance products and services including coverage for, home and contents, motor vehicle, personal and business assets, and commercial property. Advantage General Insurance was established in 1964 and is based in Kingston, Jamaica.

Buy $4M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-01 InterEnergy Holdings

London, United Kingdom

InterEnergy Holdings is a holding company that owns and operates power generation and distribution assets in Latin America and the Caribbean. Their predecessor, Basic Energy Ltd., led by power entrepreneur Rolando Gonzalez Bunster, had over 25 years of investment and operational experience in the power sector having acquired and developed over 1,500MW in the Dominican Republic, Argentina, Panama and Jamaica. InterEnergy Holdings was formed in 2011 and is based in London, United Kingdom.

Buy $35M