Equity International
IndustryPrivate equity
FounderSam Zell
HeadquartersChicago, Illinois
Key people
Sam Zell, Tom Heneghan, Ira Chaplik
Number of employees
45
Websitewww.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

  1. ^ Equity International: Portfolio
  2. ^ Marosi, Richard (26 November 2017). "The Homex story: A boom and a bust". LA Times. Retrieved 28 November 2017.
  3. ^ "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.
  4. ^ "Equity International Announces Sale of Gafisa Shares" (Press release). Business Wire. August 18, 2010.
  5. ^ "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.
  6. ^ Gallun, Alby (December 13, 2007). "Zell-backed Chinese firm rises 20% on day of IPO". Crain Communications.
  7. ^ "Equity International Announces Sale of Yupei Stake" (Press release). Business Wire. October 17, 2011.
  8. ^ "Equity International Closes Fifth Investment Fund" (Press release). Business Wire. October 4, 2011.
  9. ^ Bautzer, Tatiana (August 8, 2016). "Zell's Equity International to invest $125 mln in BTG Pactual's Estapar". Reuters.
  10. ^ "Equity International Closes Follow-On Investment in Acosta Verde in Mexico" (Press release). Business Wire. July 12, 2017.
  11. ^ "Equity International Announces Investment in Stanza Living, India's Largest Shared Living Company". Olean Times Herald. Retrieved 2020-03-03.


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