Optimum Ventures Private Equity Fund, an Optima Investment Ltd (Optima) group entity, and an affiliate of Lone Star Funds are pleased to announce that they have entered into a conditional share purchase agreement, pursuant to which Optima will acquire a majority shareholding in Globe Trade Centre S.A., a Polish company trading on the Warsaw Stock Exchange and Johannesburg Stock Exchange.
GTC S.A. is a leading real estate investor and developer in the Central and Eastern European region whose portfolio contains real estate assets situated in Poland and other capital cities in the CEE region (in particular Budapest, Bucharest, Belgrade, Zagreb, and Sofia).
An affiliate of Lone Star Funds initially acquired a stake in GTC S.A. in 2013 and increased its shareholding over time. Since 2013, GTC S.A. has successfully realigned and re-focused its strategy as well as optimized its portfolio through select dispositions, value enhancing acquisitions, and new development projects.
The GTC portfolio is comprised of commercial buildings (in particular office buildings and retail complexes) and several development projects, all of which provide meaningful opportunities for Optima to further establish its presence as a real estate investor in the CEE region.
Once the transaction (which is subject to customary regulatory consents) has closed, Optima will have acquired assets which, as a result of their prime location and development potential, are expected to provide long-term sustainable strategic investment opportunities to Optima.
Optima Investment Ltd is a Hungarian long-term investor in high–quality, income-generating real estate assets in Hungary and the CEE region.
Optima was established in 2015 with the objective to manage funds of the foundations of the National Bank of Hungary.
Lone Star is a leading private equity firm advising funds that invest globally in real estate, equity, credit and other financial assets. Since its founding by John Grayken in 1995, Lone Star has organized twenty private equity funds with aggregate capital commitments totaling approximately $85 billion.