Berkshire Hathaway’s Clayton Properties Group buys Colorado’s Largest Private Homebuilder MINNEAPOLIS – Värde Partners, along with its minority partner Mountain Real Estate Capital (“MREC”), sold Oakwood Homes to Clayton Properties Group, a division of Clayton Homes, a Berkshire Hathaway company. The deal closed on July 3; terms were not disclosed. Värde and MREC invested in Oakwood Homes in…
Archive: Announcements
Värde Partners Acquired Apita Nagoya Minami Retail Facility
NAGOYA, JAPAN – Värde Partners, the $12 billion global alternative investment firm, today closed on its acquisition of the Apita Nagoya Minami retail asset located in central Nagoya. The 440,635 square foot retail facility was originally built in 1996 and is located in a well-populated area with strong access to major throughways within the City…
Värde Partners and York Capital Management Sell Redcape Hotel Group to Moelis Australia
New South Wales and Queensland Pub Group’s leading portfolio and experienced team appealing SYDNEY – Värde Partners and York Capital Management today agreed to sell Redcape Hotel Group to Moelis Australia for $677 million. Redcape is one of Australia’s largest operator of hotels, with 25 properties in New South Wales and Queensland. The deal is…
Deephaven Mortgage Surpasses $1 Billion in Loans
CHARLOTTE – Deephaven Mortgage, the premier provider of private capital for Non-QM residential mortgage loans, announced today that it has surpassed the $1 billion mark in total loans purchased life-to-date. The company is owned by funds of Värde Partners. “This is a milestone event for Deephaven Mortgage,” said Matt Nichols, Founder and CEO of Deephaven.…
Värde Partners Completes Acquisition of Fairstone, Canada’s Largest Non-Bank Consumer Lender
MINNEAPOLIS – Värde Partners, the $12 billion global alternative investment firm, today announced that it has completed the acquisition of portfolio company, CitiFinancial Canada, Inc., and has rebranded the company under the new name “Fairstone Financial Inc.” Värde Partners and J.C. Flowers & Co. LLC purchased CitiFinancial Canada in 2016 with the goal of strengthening…
Värde Partners Acquires Boscolo Hotels: Transaction is one of the Largest Deals in the Italian Hotel Sector Since Global Financial Crisis
MILAN – Värde Partners, the $12 billion global alternative investment firm, today closed on its acquisition of 100% of the equity of Gruppo Boscolo, the Italian luxury hotel group. The agreement follows Värde’s acquisition of over 90% of the company’s outstanding debt from its original lenders via 9 separate transactions. The original lending group advanced…
Värde’s Co-founder Marcia Page Named University of Minnesota Carlson School’s Entrepreneur of the Year Award
MINNEAPOLIS – Värde Partners is proud to announce that Marcia Page, co-founder and executive chair of the firm, has been honored with the University of Minnesota’s Entrepreneur of the Year Award for 2017. The award will be presented at the U of M Founder’s Day event on May 9, 2017, held at the Carlson School…
Värde Partners Acquires Stake in Guber, Sees Significant Opportunity in Management of Italy’s Non-Performing Loans
BRESCIA, ITALY – Värde Partners, the $12 billion global alternative investment firm, today announced its acquisition of a 33% share of Guber, the independent Italian servicer with over 25 years of experience managing secured and unsecured credits in the Italian market. Working with the founders of the company, Värde intends to support the continued growth…
Värde Partners and Lamda Development Reach Agreement On Greek Shopping Center Deal
ATHENS – Värde Partners, the $12 billion global alternative investment firm, today reached agreement, through a wholly-owned subsidiary, with Lamda Development for a minority share of the newly established subsidiary company Lamda Malls S.A. The result of this transaction is that both companies are owners of Golden Hall and Mediterranean Cosmos Shopping Centers. Värde’s investment…
Värde Partners Closes $1.74 Billion Fund Above Target
MINNEAPOLIS – Värde Partners, the $12 billion global alternative investment firm, today announced the final close of The Värde Fund XII (“Fund XII”). Fund XII closed with $1.74 billion of committed capital. The firm invests in opportunities across a broad array of geographies, segments and asset types. Värde believes that Fund XII is well positioned…