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 consists of 18 motels and three golf programs along with residential properties. 

The Vale do Lobo Golf & Seaside Resort and the Conrad Algarve Resort 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 firms. These firms collectively comprise 65 hospitality, residential and business properties predominantly positioned throughout the Algarve area.

The consortium is led by world funding administration agency Davidson Kempner Capital Administration. The corporate has round $38 billion in property below administration.

Highgate is an actual property funding and hospitality administration firm with over $20 billion of property below administration. Highgate lately introduced plans to accumulate Viceroy Resorts & Resorts, which is predicted to shut in early 2023. 

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