Publicação
Investing in an overleveraged touristic asset by oxy capital: case study Hotel Praia D’El Rey Marriott Golf & Beach Resort
| 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. |
|---|---|
| Autores principais: | Duarte, Maria Gabriela de Ponte Teixeira |
| Assunto: | Restructuring Disinvestment Private equity Touristic asset |
| Ano: | 2019 |
| País: | Portugal |
| Tipo de documento: | dissertação de mestrado |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Universidade Nova de Lisboa |
| Idioma: | inglês |
| Origem: | Repositório Institucional da UNL |
| _version_ | 1868984190876254208 |
|---|---|
| author | Duarte, Maria Gabriela de Ponte Teixeira |
| author_facet | Duarte, Maria Gabriela de Ponte Teixeira |
| author_role | author |
| contributor_name_str_mv | Carvalho, Pedro RUN |
| country_str | PT |
| creators_json_txt | [{\"Person.name\":\"Duarte, Maria Gabriela de Ponte Teixeira\"}] |
| datacite.contributors.contributor.contributorName.fl_str_mv | Carvalho, Pedro RUN |
| datacite.creators.creator.creatorName.fl_str_mv | Duarte, Maria Gabriela de Ponte Teixeira |
| datacite.date.Accepted.fl_str_mv | 2019-01-23T00:00:00Z |
| datacite.date.available.fl_str_mv | 2019-05-14T09:35:15Z |
| datacite.date.embargoed.fl_str_mv | 2019-05-14T09:35:15Z |
| datacite.rights.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| datacite.subjects.subject.fl_str_mv | Restructuring Disinvestment Private equity Touristic asset |
| datacite.titles.title.fl_str_mv | Investing in an overleveraged touristic asset by oxy capital: case study Hotel Praia D’El Rey Marriott Golf & Beach Resort |
| dc.contributor.none.fl_str_mv | Carvalho, Pedro RUN |
| dc.creator.none.fl_str_mv | Duarte, Maria Gabriela de Ponte Teixeira |
| dc.date.Accepted.fl_str_mv | 2019-01-23T00:00:00Z |
| dc.date.available.fl_str_mv | 2019-05-14T09:35:15Z |
| dc.date.embargoed.fl_str_mv | 2019-05-14T09:35:15Z |
| dc.format.none.fl_str_mv | application/pdf |
| dc.identifier.none.fl_str_mv | http://hdl.handle.net/10362/69600 |
| dc.language.none.fl_str_mv | eng |
| dc.rights.none.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| dc.subject.none.fl_str_mv | Restructuring Disinvestment Private equity Touristic asset |
| dc.title.fl_str_mv | Investing in an overleveraged touristic asset by oxy capital: case study Hotel Praia D’El Rey Marriott Golf & Beach Resort |
| dc.type.none.fl_str_mv | http://purl.org/coar/resource_type/c_bdcc |
| 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. |
| dirty | 0 |
| eu_rights_str_mv | openAccess |
| format | masterThesis |
| fulltext.url.fl_str_mv | https://run.unl.pt/bitstreams/ef0da11c-75d5-4d4e-b28e-b18fe3913294/download |
| id | run_db7a40e4e83bf2d7fb3d086fe3e069c2 |
| identifier.url.fl_str_mv | http://hdl.handle.net/10362/69600 |
| inst_facet_str | urn:organizationAcronym:unl{{{_:::_}}}Universidade Nova de Lisboa |
| instacron_str | unl |
| institution | Universidade Nova de Lisboa |
| instname_str | Universidade Nova de Lisboa |
| language | eng |
| network_acronym_str | run |
| network_name_str | Repositório Institucional da UNL |
| oai_identifier_str | oai:run.unl.pt:10362/69600 |
| organization_str_mv | urn:organizationAcronym:unl |
| person_str_mv | Duarte, Maria Gabriela de Ponte Teixeira |
| publishDate | 2019 |
| repo_facet_str | urn:repositoryAcronym:run{{{_:::_}}}Repositório Institucional da UNL |
| reponame_str | Repositório Institucional da UNL |
| repository_id_str | urn:repositoryAcronym:run |
| service_str_mv | urn:repositoryAcronym:run |
| spelling | engpt_PTIn 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.application/pdfpt_PTInvesting in an overleveraged touristic asset by oxy capital: case study Hotel Praia D’El Rey Marriott Golf & Beach ResortDuarte, Maria Gabriela de Ponte TeixeiraCarvalho, PedroHostingInstitutionOrganizationalRUNe-mailmailto:run@unl.ptrun@unl.ptURNurn:tid:2022238412019-05-14T09:35:15Z2019-01-232019-01-23T00:00:00ZHandlehttp://hdl.handle.net/10362/69600http://purl.org/coar/access_right/c_abf2open accessRestructuringDisinvestmentPrivate equityTouristic asset922167 bytesliteraturehttp://purl.org/coar/resource_type/c_bdccmaster thesishttp://purl.org/coar/access_right/c_abf2application/pdffulltexthttps://run.unl.pt/bitstreams/ef0da11c-75d5-4d4e-b28e-b18fe3913294/download |
| 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 |
| status | SINGLETON |
| subject.fl_str_mv | Restructuring Disinvestment Private equity Touristic asset |
| title | 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_short | 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 |
| topic | Restructuring Disinvestment Private equity Touristic asset |
| topic_facet | Restructuring Disinvestment Private equity Touristic asset |
| url | http://hdl.handle.net/10362/69600 |
| visible | 1 |