In a crescendo years in the making, investment bank Moelis is believed to have secured an SIV fund purchase of the lucrative Redcape portfolio for circa $700 million. The AFR reports Moelis has broken with a proposed partnership with publican Nelson Meers, and is close to a deal for the complete portfolio for an Asian-backed […]
MOELIS MAY FINALLY MEET THE MARK FOR REDCAPE BUY Read More »
Speculation around what is arguably the country’s most talked-about pub group continues, as investment banks look to realise $700m out of Australia’s smokin’ hotel sector. The A-list portfolio that makes up Redcape Hotel Group has been seeking a suitor for more than two years. Its New York hedge fund owners York Capital and Värde have
As the money-shuffling strategies of its hedge fund owners continues, another potential sales process has emerged for Australia’s high-profile pub group. New York-based Värde Partners and York Capital Management hold the deeds to the gaming-centric Redcape Hotel Group, but will at some point cash in their interests to realise their investment. They acquired the troubled
The final steps to a Redcape IPO have begun, with the owner-operator model being touted as the key to potential. Redcape Hotel Group lists operations in 22 hotels in New South Wales and three in Queensland, overwhelmingly demonstrating a focus on gaming (see venue rankings below). The Group is owned by York Capital and Värde
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ACN. 603 201 109
ABN. 21 603 201 109
