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Tetrarch Discussing Potential Joint Venture Partnership With Starwood

By Dave Simpson

Irish investment group Tetrarch Capital is currently engaged in discussions with US investor Starwood about the possibility of entering into a new joint venture partnership, which would be worth several hundred million euro and could potentially replace the former firm's plan for a public flotation.

Market sources informed The Irish Times that Tetrarch started working on alternatives to a public flotation before Christmas, leading to ongoing talks with Starwood.

Same Commercial Objectives

A partnership between Tetrarch and Starwood would have the same commercial objectives as an initial public offering (IPO), which had been mooted at €400 million. Such a partnership would allow early investors in Tetrarch to take cash off the table in an exit as well as supplying extra capital for future investment.

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© 2019 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

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