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3/12/12
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Johnson Capital International (JCI), the international advisory unit of Irvine-based Johnson Capital Group, has signed a real estate advisory services agreement with Martinsa Fadesa S.A., one of Spain’s leading real estate and construction groups, which has recently emerged from voluntary bankruptcy proceedings and reorganization.
Under the terms of the agreement, JCI will evaluate significant portions of assets owned by Martinsa-Fadesa S.A. and advise the company on its strategic options and disposition strategy. JCI will also act as advisor to Martinsa-Fadesa S.A. in negotiations with international private equity funds and other potential acquirers in the sale of the Martinsa-Fadesa S.A. real estate assets located in Spain. Martinsa-Fadesa S.A. remains one the largest real estate and construction entities in Spain, with operations throughout Europe and controlling several billion Euros of assets.
“The new agreement with Martinsa-Fadesa will allow the company access to Johnson Capital’s extensive global network of opportunistic buyers who increasingly recognize that an inflection point has been reached in the distressed Spanish real estate and banking arena,” said Ronald Lafever, JCI’s Senior Managing Director and President of JCI Europe. “Executable opportunities in markets like Spain, where there is solid infrastructure and rule of law, as well as the political will to move from a distressed economy to a thriving one, are becoming increasingly achievable.”
“Martinsa-Fadesa S.A. is one of the most important companies in the Spanish real estate industry and Johnson Capital and its local partners in Spain are dedicated to helping management achieve their financial and operating goals” said Guy Johnson, Chairman and CEO of Johnson Capital Group, Inc. “This advisory mandate underscores Johnson Capital’s commitment to building a long-term franchise in key distressed markets worldwide.”
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