Tag: Benson Elliot

Benson Elliot buys 70% of Spanish developer

LONDON: Private equity real estate firm Benson Elliot Capital Management has bought a 70% stake in Spanish developer Promobuilding SL in a bid to cash in on distressed house building projects in Spain’s faltering economy. The acquisition, which has been accomplished via a recapitalization and subscription for new shares, is predicted to provide privately owned […]