Vinci Partners Industrial Listed REIT (VILG) Announces Full Deployment of Previous Capital Raise

Rhea-AI Summary

Vinci Partners (NASDAQ: VINP) announced the completion of acquisitions funded by its March 2021 capital raise. Vinci Logística FII (VILG11), a REIT managed by Vinci Partners, has acquired three industrial properties: a 50% stake in Parque Logístico Pernambuco, and 100% stakes in Porto Canoa LOG and Airport Town Guarulhos III. These assets, leased to high-quality tenants, bolster the fund's market cap, currently over R$1.7 billion. The firm maintains a robust pipeline for future acquisitions and continues to focus on income-generating assets.

Positive

• Finalized three strategic acquisitions enhancing asset portfolio.
• VILG11 now has a market capitalization exceeding R$1.7 billion.
• All acquired properties are fully leased to quality tenants.
• Management emphasizes a strong future acquisition pipeline.

Negative

• None.

RIO DE JANEIRO, Brazil, May 26, 2021 (GLOBE NEWSWIRE) -- Vinci Partners Investments Ltd. (NASDAQ: VINP) ("Vinci Partners, the “Company," "we," "us," or "our"), the controlling company of a leading alternative investment platform in Brazil, announced today that Vinci Logística FII (VILG11), a listed REIT managed by Vinci Partners´ Real Estate segment, committed to its final acquisition from the proceeds of the capital raise in March 2021.

VILG is a perpetual capital listed REIT, focused on income generation to its quotaholders through the acquisition of industrial properties in Brazil. The fund currently has a market capitalization of over R$1.7 billion.

Since the fund’s last capital raise in March 2021, the management team has announced three acquisitions: (i) a 50% stake in “Parque Logístico Pernambuco”, located in Ipojuca, Pernambuco; (ii) 100% of “Porto Canoa LOG”, located in Serra, Espírito Santo; and (iii) 100% of “Airport Town Guarulhos III”, located in Guarulhos, São Paulo. All three assets are 100% leased to high-quality tenants.

Leandro Bousquet, partner and Head of Real Estate, said, “We are very pleased to announce that we have finalized, in a short period of time, the allocation of VILG’s latest capital raise proceeds, reserving capital only for eventual tactical allocations. These acquisitions represent additional high-quality assets to our portfolio, effectively contributing to its diversification. We have a robust pipeline of additional industrial assets that can be eventually added to the fund with a follow-on offering.”

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 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

This press release contains forward-looking statements that can be identified by the use of words such as “anticipate,” “believe,” “could,” “expect,” “should,” “plan,” “intend,” “estimate” and “potential,” among others. By their nature, forward-looking statements are necessarily subject to a high degree of uncertainty and involve known and unknown risks, uncertainties, assumptions and other factors because they relate to events and depend on circumstances that will occur in the future whether or not outside of our control. Such factors may cause actual results, performance or developments to differ materially from those expressed or implied by such forward-looking statements and there can be no assurance that such forward-looking statements will prove to be correct. The forward-looking statements included herein speak only as at the date of this press release and we do not undertake any obligation to update these forward-looking statements. Past performance does not guarantee or predict future performance. Moreover, neither we nor our affiliates, officers, employees and agents undertake any obligation to review, update or confirm expectations or estimates or to release any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this press release. Further information on these and other factors that could affect our financial results is included in filings we have made and will make with the U.S. Securities and Exchange Commission from time to time.

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
ShareholderRelations@vincipartners.com 
NY: +1 (646) 559-8040
RJ: +55 (21) 2159-6240

FAQ

What recent acquisitions did Vinci Partners (VINP) announce?

Vinci Partners announced the acquisition of Parque Logístico Pernambuco, Porto Canoa LOG, and Airport Town Guarulhos III, funded by their March 2021 capital raise.

What is the current market capitalization of Vinci Logística FII (VILG11)?

Vinci Logística FII (VILG11) has a market capitalization of over R$1.7 billion.

How many properties has Vinci Logística FII acquired since March 2021?

Since March 2021, Vinci Logística FII has acquired three properties.

What is the focus of Vinci Partners' real estate investments?

Vinci Partners focuses on acquiring core, income-generating assets across various real estate sub-strategies, including industrial and logistics properties.