Investing in an overleveraged touristic asset by oxy capital: case study Hotel Praia D’El Rey Marriott Golf & Beach Resort

Detalhes bibliográficos
Autor(a) principal: Duarte, Maria Gabriela de Ponte Teixeira
Data de Publicação: 2019
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/69600
Resumo: In 2014, insolvent and owing €13M to the banks, HdP seemed to be in a unrecoverable situation. Three years later, the sales had doubled and the EBITDA had grown by almost 4x. This case study analyzes HdP’s investment process by Aquarius Fund, managed by Oxy Capital. It recounts the events that led to the overindebted situation in 2013, describes the challenges of negotiating with all stakeholders, the investment rationale, the transaction structure and the value created. In the end, this study identifies the advantages of a PE investor over strategic buyers and approaches the future challenges of the exit.
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spelling Investing in an overleveraged touristic asset by oxy capital: case study Hotel Praia D’El Rey Marriott Golf & Beach ResortRestructuringDisinvestmentPrivate equityTouristic assetDomínio/Área Científica::Ciências Sociais::Economia e GestãoIn 2014, insolvent and owing €13M to the banks, HdP seemed to be in a unrecoverable situation. Three years later, the sales had doubled and the EBITDA had grown by almost 4x. This case study analyzes HdP’s investment process by Aquarius Fund, managed by Oxy Capital. It recounts the events that led to the overindebted situation in 2013, describes the challenges of negotiating with all stakeholders, the investment rationale, the transaction structure and the value created. In the end, this study identifies the advantages of a PE investor over strategic buyers and approaches the future challenges of the exit.Carvalho, PedroRUNDuarte, Maria Gabriela de Ponte Teixeira2019-05-14T09:35:15Z2019-01-232019-01-23T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/69600TID:202223841enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T04:33:01Zoai:run.unl.pt:10362/69600Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:34:59.140975Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Investing in an overleveraged touristic asset by oxy capital: case study Hotel Praia D’El Rey Marriott Golf & Beach Resort
title Investing in an overleveraged touristic asset by oxy capital: case study Hotel Praia D’El Rey Marriott Golf & Beach Resort
spellingShingle Investing in an overleveraged touristic asset by oxy capital: case study Hotel Praia D’El Rey Marriott Golf & Beach Resort
Duarte, Maria Gabriela de Ponte Teixeira
Restructuring
Disinvestment
Private equity
Touristic asset
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short Investing in an overleveraged touristic asset by oxy capital: case study Hotel Praia D’El Rey Marriott Golf & Beach Resort
title_full Investing in an overleveraged touristic asset by oxy capital: case study Hotel Praia D’El Rey Marriott Golf & Beach Resort
title_fullStr Investing in an overleveraged touristic asset by oxy capital: case study Hotel Praia D’El Rey Marriott Golf & Beach Resort
title_full_unstemmed Investing in an overleveraged touristic asset by oxy capital: case study Hotel Praia D’El Rey Marriott Golf & Beach Resort
title_sort Investing in an overleveraged touristic asset by oxy capital: case study Hotel Praia D’El Rey Marriott Golf & Beach Resort
author Duarte, Maria Gabriela de Ponte Teixeira
author_facet Duarte, Maria Gabriela de Ponte Teixeira
author_role author
dc.contributor.none.fl_str_mv Carvalho, Pedro
RUN
dc.contributor.author.fl_str_mv Duarte, Maria Gabriela de Ponte Teixeira
dc.subject.por.fl_str_mv Restructuring
Disinvestment
Private equity
Touristic asset
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic Restructuring
Disinvestment
Private equity
Touristic asset
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description In 2014, insolvent and owing €13M to the banks, HdP seemed to be in a unrecoverable situation. Three years later, the sales had doubled and the EBITDA had grown by almost 4x. This case study analyzes HdP’s investment process by Aquarius Fund, managed by Oxy Capital. It recounts the events that led to the overindebted situation in 2013, describes the challenges of negotiating with all stakeholders, the investment rationale, the transaction structure and the value created. In the end, this study identifies the advantages of a PE investor over strategic buyers and approaches the future challenges of the exit.
publishDate 2019
dc.date.none.fl_str_mv 2019-05-14T09:35:15Z
2019-01-23
2019-01-23T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/69600
TID:202223841
url http://hdl.handle.net/10362/69600
identifier_str_mv TID:202223841
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
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