 | |
| Industry | Private equity |
|---|---|
| Founder | Sam Zell |
| Headquarters | Chicago, Illinois |
Key people | Sam Zell, Tom Heneghan, Ira Chaplik |
Number of employees | 45 |
| Website | www.equityinternational.com |
Equity International is a private equity firm founded by Sam Zell to invest in real estate in markets outside of the United States. Since its founding in 1999, it has invested in 28 companies. [1]
Investments
In 2002, Equity International invested $32 million in Mexican home builder Homex. The firm divested from Homex in 2008. [2]
In 2005, the firm made a $50 million investment in Brazilian property company Gafisa. [3] In 2010, the firm sold a significant portion of its shares in Gafisa. [4]
In 2006, the firm made its first investment in China, a $10 million investment in Xinyuan Real Estate, a Chinese homebuilder based in Zhengzhou. [5] Xinyuan Real Estate became a public company via an initial public offering in 2007. [6]
In 2008, the firm invested in Chinese logistics and warehousing company Shanghai Yupei Group. The investment was sold in 2011. [7]
In 2011, the firm closed its 5th investment fund, with capital commitments of $650 million. [8]
In 2016, the firm invested $125 million in Estapar Participações SA, an operator of parking lots in Brazil. [9]
In 2017, the firm made a $29 million investment in Grupo Acosta Verde, a developer, owner, and manager of shopping centers in Mexico. [10]
In March 2020, the firm announced an investment in Stanza Living, an Indian student housing and shared living operator. [11]
References
- ^ Equity International: Portfolio
- ^ Marosi, Richard (26 November 2017). "The Homex story: A boom and a bust". LA Times. Retrieved 28 November 2017.
- ^ "Equity International Announces Investment in Leading Brazilian Property Company; Partnership with GP Investimentos To Capitalize on Rapidly Growing Brazilian Housing Market" (Press release). Business Wire. June 9, 2005.
- ^ "Equity International Announces Sale of Gafisa Shares" (Press release). Business Wire. August 18, 2010.
- ^ "Equity International Announces First Investment in China; Partnership with Blue Ridge China to invest in Chinese homebuilding company" (Press release). Business Wire. September 18, 2006.
- ^ Gallun, Alby (December 13, 2007). "Zell-backed Chinese firm rises 20% on day of IPO". Crain Communications.
- ^ "Equity International Announces Sale of Yupei Stake" (Press release). Business Wire. October 17, 2011.
- ^ "Equity International Closes Fifth Investment Fund" (Press release). Business Wire. October 4, 2011.
- ^ Bautzer, Tatiana (August 8, 2016). "Zell's Equity International to invest $125 mln in BTG Pactual's Estapar". Reuters.
- ^ "Equity International Closes Follow-On Investment in Acosta Verde in Mexico" (Press release). Business Wire. July 12, 2017.
- ^ "Equity International Announces Investment in Stanza Living, India's Largest Shared Living Company". Olean Times Herald. Retrieved 2020-03-03.
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