Vinci Partners Announces R$215 Million Capital Raise for Office REIT
Vinci Partners (NASDAQ: VINP) announced the successful closing of R$215 million in additional quotas for Vinci Offices FII (VINO), enhancing its assets under management. The capital raise enables VINO to purchase Grupo Globo's headquarters in São Paulo through a R$522 million sale and leaseback deal, solidifying its strategic position in Brazil's real estate market. This acquisition includes a fifteen-year lease with Grupo Globo, enhancing VINO's long-term contract exposure and asset quality.
- Raised R$215 million in additional quotas, boosting assets under management.
- Acquired high-quality real estate asset (Grupo Globo headquarters) in São Paulo.
- Secured a fifteen-year lease with Grupo Globo, ensuring stable income.
- None.
RIO DE JANEIRO, Brazil, Jan. 25, 2022 (GLOBE NEWSWIRE) -- Vinci Partners Investments Ltd. (NASDAQ: VINP) (“Vinci Partners”, “we”, “us” or “our”), the controlling company of a leading alternative investment platform in Brazil, announced today the closing of the sixth issue of additional quotas for Vinci Offices FII (“VINO” or “the Fund”), a listed office REIT managed by Vinci Partners’ Real Estate segment.
VINO is a perpetual capital listed REIT, focused on income generation to its quotaholders through the acquisition of office properties in Brazil. This fundraise adds R
With the offering’s proceeds the Fund has acquired Globo Comunicação e Participações’ (“Grupo Globo” or “the Company”) headquarters and studios located in the city of São Paulo, through a R
Leandro Bousquet, partner, and Head of Real Estate for Vinci Partners, said, “After our pioneer share swap transaction in our shopping mall REIT, we are extremely pleased to announce our new partnership with Grupo Globo in our office REIT, as the Company becomes a relevant quotaholder of VINO. The Fund has added to its portfolio a high-quality asset and a notable tenant through a fifteen-year lease contract. This acquisition is extremely strategic for VINO as it increases our exposure to atypical long-term contracts and to assets located in São Paulo, the most relevant market in Brazil for office properties.”
About Vinci Partners Real Estate
Vinci Partners’ Real Estate strategy is primarily focused on the acquisition of core, income-generating assets through public real estate funds (REITs). Our real estate strategy invests across various sub-strategies including shopping malls, industrial and logistics, offices, urban commercial properties, and financial instruments related to real estate assets. The team also manages opportunistic development funds.
About Vinci Partners
Vinci Partners is a leading alternative investment platform in Brazil, established in 2009. Vinci Partners' business segments include private equity, public equities, real estate, credit, infrastructure, hedge funds, and investment products and solutions, each managed by dedicated investment teams with an independent investment committee and decision-making process. We also have a financial advisory business, focusing mostly on pre-initial public offering, or pre-IPO, and merger and acquisition, or M&A, advisory services for Brazilian middle-market companies.
Forward-Looking Statements
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USA Media Contact
Nick Lamplough / Kate Thompson / Katie Villany
Joele Frank, Wilkinson Brimmer Katcher
+1 (212) 355-4449
Brazil Media Contact
Danthi Comunicações
Carla Azevedo (carla@danthicomunicacoes.com.br)
+55 (21) 3114-0779
Investor Contact
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FAQ
What is Vinci Partners' recent capital raise for?
What significant property did Vinci Offices FII acquire?
How does the acquisition impact VINO's income generation?
What does the capital raise mean for Vinci Partners' assets under management?
What type of investment is Vinci Offices FII focused on?
