Equity International Closes Third Fund.- Expansion in Latin America and entry into China support continued activity and success - CHICAGO -- Equity International, the privately-held real estate private equity firm affiliated with Sam Zell's Equity Group Investments, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , announced today the closing of its EI Fund III ("Fund III"). The Fund consists of approximately $300 million in total committed capital with investors including university endowments, pension plans, insurance companies, family foundations and private investors. Equity International is recognized as a leading international investor and partner of choice with multi-dimensional capability, including accessing the public equity market. Fund III is a continuation of Equity International's proven strategy of investing in real estate-related operating companies outside of the United States. By applying distinct competitive advantages, including an ability to identify, develop and direct world-class companies, Equity International will continue to capitalize on major trends including: growth of middle-class in emerging markets, monetization of corporate property and broadening equity and debt securitization Securitization The process of creating a financial instrument by combining other financial assets and then marketing them to investors. Notes: Mortgage backed securities are a perfect example of securitization. May also be spelled as "securitisation. . With the effective use of its global network of relationships and resources, the company expects to generate superior investment returns through vast real estate expertise, exceptional access to capital and creation of substantial enterprise value. Since its inception in 1999 with the capitalization of its first fund, Equity International Properties, Ltd. ("Fund I"), Equity International has invested over $600 million in 12 portfolio companies with a major presence in Latin America and recent entry into China and Egypt. The current portfolio represents a wide spectrum of businesses, with a focus on homebuilding and corporate and retail property. Investments include Homex (NYSE NYSE See: New York Stock Exchange : HXM), a leading Mexican homebuilder for which Equity International led a successful IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. in 2004 and secondary offering in 2006 and Gafisa (BZ: GFSA GFSA Gun Free South Africa 3), a leading Brazilian homebuilder for which Equity International led a successful IPO in early 2006. "Our initial success in Mexico has been replicated in Brazil by focusing on market inefficiency and the opportunity to create leading operating businesses," said Gary Garrabrant, chief executive officer of Equity International. "Our strong reputation, brand and ability to add significant value beyond our capital continue to be distinct competitive advantages." "The closing of both Fund II and Fund III in 2006 speak not only to the evolution of our business, but also to the strength of our capital base and quality of our investor relationships," added Chris Fiegen, chief financial officer. About Equity International Equity International is a private equity firm that invests in real estate-related companies outside of the United States. Established in 1999, Equity International is affiliated with Equity Group Investments, LLC, the investment company founded and led by Sam Zell. Mr. Zell founded and is Chairman of four public real estate-related companies, with an aggregate equity market capitalization Equity Market Capitalization A measure of the total market value of an equity market. The measure is calculated by taking the market capitalization of all companies in the equity market and adding them together to arrive at the capitalization for the market as a whole. in excess of $30 billion. Two of the companies, Equity Office Properties Trust Equity Office Properties Trust, headquartered in Chicago, Illinois, is the largest owner of office buildings in the United States. It was formed in 1976 by Samuel Zell [1] and in February 2007, was acquired by the Blackstone Group for $23 billion plus the assumption of (NYSE: EOP EOP Educational Opportunity Program (California State University) EOP Executive Office of the President EOP Equity Office Properties Trust (ticker) EOP Emergency Operations Plan EOP Earth Orientation Parameters ) and Equity Residential (NYSE: EQR EQR External Quality Review EQR Educational Quality Ranking EQR Environmental Quality Report EQR Enlisted Qualification Record EQR Essential Qualification Requirement EQR Equi-Rectangular ) are members of the S&P 500. For more information see www.equityinternational.com. |
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