Consortium buys Portuguese funding supervisor ECS Capital

Portugal: Davidson Kempner Capital Administration LP, Highgate and Kronos (the consortium) have acquired the Portuguese funding supervisor ECS Capital in an undisclosed deal.

ECS Capital is a personal fairness and restructuring agency targeted on the Portuguese market. Its actual property portfolio contains 18 lodges and three golf programs along with residential properties. 

The Vale do Lobo Golf & Seashore Resort and the Conrad Algarve Lodge in Quinta do Lago include land for future growth. 

Additionally a part of the transaction, which incorporates the acquisition of two funds managed by ECS, the consortium has acquired a number of Portuguese corporations. These corporations collectively comprise 65 hospitality, residential and business properties predominantly positioned throughout the Algarve area.

The consortium is led by international funding administration agency Davidson Kempner Capital Administration. The corporate has round $38 billion in belongings beneath administration.

Highgate is an actual property funding and hospitality administration firm with over $20 billion of belongings beneath administration. Highgate not too long ago introduced plans to amass Viceroy Resorts & Resorts, which is anticipated to shut in early 2023. 

Kronos Actual Property Group is an Iberian developer, asset supervisor and investor. Its manufacturers embody Kronos Properties (residential construct to promote and asset administration), STAY (residential construct to hire), and WAY (retail parks).