Equity International

Last updated
Equity International
IndustryPrivate 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]

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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.