January 14, 2008 -
Financial Digest
Related Companies has completed a $1.4 billion equity and debt investment, the first outside investment in the company. Goldman Sachs and MSD Capital have purchased equity stakes in Related totaling 7.5%. Three international entities will also invest through a debt placement, including an affiliate of Mubadala Development Co. and The Olayan Group. Each investor will also co-invest in future development opportunities undertaken by Related. This group of investors has been selected to fund future growth.
Related's current pipeline is comprised of projects that include: Grand Ave., a multi-phase 3.6 million s/f, $3 billion development spanning three city blocks in L.A., Calif. and the $3 billion, 80-acre Snowmass Village Resort development in Colorado.
Related was advised by a team that included Goldman Sachs, Deutsche Bank and Eastdil Secured.