Investing in an overleveraged touristic asset by oxy capital: case study Hotel Praia D’El Rey Marriott Golf & Beach Resort
Autor(a) principal: | |
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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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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 |
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1799137971206619136 |