Oak Hill Advisors prepares its entry into the Spanish residential real estate market with the aim of allocating at least 400 million euros to finance real estate development in Spain.
- To this end, it has reached an agreement with Ibero Capital Management, which will identify and manage financing opportunities. The objective is to finance projects at all stages of development, including the purchase of land, and covering the entire spectrum of the developer’s capital structure.
- Íbero Capital Management is led by two professionals of recognized prestige and a long career in the sector such as Walter de Luna and Luis Moreno who have developed their careers, among other places, in entities such as ING Real Estate, The Royal Bank of Scotland, Sareb or Acciona Real Estate.
- The alliance takes place at a key market moment, where it is estimated that real estate developers need new sources of alternative financing to the bank to materialize their growth plans.
Madrid, April 2, 2018.- Oak Hill Advisors, one of the largest investment funds in the world with more than 30,000 million dollars under management, today announced the agreement with Íbero Capital Management, to create a platform in order to provide capital to the real estate development market in Spain.
This is the first initiative dedicated exclusively to financing promotions to be launched in Spain. The objective is to finance projects at all stages of development, including the purchase of land, and covering the entire spectrum of the developer’s capital structure.
The Oak Hill Advisors and Íbero alliance occurs at a key moment for the sector, where it is necessary to have additional, alternative and / or complementary financial resources with bank financing.
The value proposition of the financing platform is based on flexibility, so that each investment or financing operation will be adapted to the specific characteristics of each project and the needs of the residential developer.
For Musa Sönmez, Managing Director and Portfolio Manager of Oak Hill Advisors and Gonzalo Gonzalez, Senior Advisor of Oak Hill Advisors, “this operation is part of our strategy to continue growing in the Spanish market through the alliance with strategic partners and recognized prestige in the sector ”. Ignacio Gutierrez Loscos, Vice President of Oak Hill Advisors stated “we are optimistic regarding the recovery of the real estate sector in Spain and we see a great business opportunity given the strong unsatisfied demand for new housing, coupled with the scarcity of capital in the sector” .
Walter de Luna and Luis Moreno, Senior Partners of Ibero Capital Management, stated “we are very happy to be able to close this agreement with an international fund of great prestige and that knows the Spanish market very well, being one of the most active funds in our country. country in recent years ”.
Oak Hill Advisors has had the advice of Cuatrecasas while Arcano Partners and Uría Menéndez have advised Ibero Capital Management.
About Ibero Capital Management
Íbero Capital Management is made up of a solid team of professionals with a recognized track record in the sector. The team is led by Walter de Luna as President and Senior Partner and Luis Moreno, General Director and Senior Partner, Arturo de Fernando as Investment Director and Partner, Javier Castillo as Project Director and Partner and Francisco Stuyck as COO and Partner.
For more information:
info@iberocm.com
About Oak Hill Advisors
Oak Hill Advisors (“OHA”) is a global investment firm with more than $ 30 billion of capital under management, with a flexible investment mandate focused on Europe and North America. OHA has almost 30 years of experience investing in a diverse typology of assets including corporate loans and direct investment in assets in the real estate, aviation and maritime sectors, as well as investments in private equity operations.
OHA has been investing in Spain since the opening of its European office in 2005. The firm has invested in our country more than 1,000 million dollars in recent years through corporate loans and investments in assets and companies of a wide variety of sectors such as real estate, hotels, consumption, construction, energy, shipping and infrastructure.
In addition to the agreement with Ibero, OHA continues to be very active in the Spanish market, granting financing and providing capital solutions to companies in multiple sectors. In its activities in Spain, OHA has the help of its Senior Advisor in Spain, Gonzalo Gonzalez Jimenez de la Espada, a former executive of the investment bank Lazard.
