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Banco de Sabadell €1 billion acquisition of Hotel Investment Partnership

1/5/2015
Private acquisition
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€ 1 billion

$ 1.1 billion

Announced

1/5/2015

Overview:

  • Banco Sabadell, one of the largest Spanish retail banks, has acquired Hotel Investment Partnership (HIP), a project company, and will manage the debt and hotel assets under the name of HIP.
  • Banco Sabadell will become HIP's majority shareholder, while HIP will manage the assets with the aim of increasing their value and to gain new assets worth up to €1 billion.

Wai Yee Tsang - Journalist

Jurisdiction:

Spain

Deal type:

Private acquisition

Practice area:

M&A

Industry sectors:

Investment management
Real estate

Firm:
Cuatrecasas

Party: Banco Sabadell (Lender)

Lawyer: Víctor Xercavins

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