28th January 2021
Langham Hall has supported Paloma Capital LLP (“Paloma Capital”) with the successful sale of its Purdey Portfolio to Partners Group for £253 million; and also established the acquisition structure in Jersey for Partners Group. Paloma Capital will stay on as co-investor and operating partner for the new structure, to which Langham Hall will provide ongoing administration and accounting services from our Jersey and London offices.
About Paloma Capital and Partners Group
Established in 2015 by Joe Froud and Jack Pitman, Paloma is a private equity real estate investor focused on investing in value-add urban logistics and estates across the UK’s different sectors and regions.
Global private markets investment manager, Partners Group focuses on creating impact through its active ownership and development of growing businesses, real estate and essential infrastructure. It serves a broad range of institutional investors, including sovereign wealth funds and family offices.
The portfolio formed of 27 light industrial properties across the UK, will get an injection of £200 million of equity by Partners Group for the expansion and additional value creation of the portfolio. Paloma Capital will work alongside Partners group leveraging its deep knowledge of the portfolio and the sector.
Paloma Capital was advised by Knight Frank, Greenberg Traurig and Ogier whilst Partners Group was advised by Clifford Chance and Deloitte.
Langham Hall is an award-winning provider of Fund Administration, Depositary and AIFMD services to global fund managers. To hear more about how we can help, whatever the requirements, please get in touch with a member of our team.