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Starlight Capital To Acquire Stone Investment Group Increasing Its Assets Under Management To More Than $1 Billion

Starlight Capital To Acquire Stone Investment Group Increasing Its Assets Under Management To More Than $1 Billion

04/07/22, 9:43 PM
Industry
financial services
Starlight Investments Capital LP (“Starlight Capital”) and Stone Investment Group Limited (“Stone”) are pleased to announce they have entered into an arrangement agreement (the “Arrangement Agreement”) made as of April 7, 2022 pursuant to which Starlight, through a wholly-owned subsidiary, will, through a series of transactions acquire Stone. As part of the transaction, Starlight will acquire the 6,464 $1,000 principal amount secured debentures issued by Stone (the “Debentures”) that have been tendered and remain deposited pursuant to the offer launched on November 29, 2021 by Stone-SIG Acquisition Limited (“SSAL”), a wholly-owned subsidiary of Stone (the “Deposited Debentures”), acquire all of the common shares of Stone (“Common Shares”) and redeem the remaining 5,536 Debentures (the “Remaining Debentures”), all pursuant to the terms of the Arrangement Agreement.

Company Info

Company
Starlight Investments Capital
Company info
Starlight Investments is a leading global real estate investment and asset management firm, owning, developing, and managing over 66,000 multi-residential suites and 7 million square feet of commercial property space. The company offers various investment vehicles across different real estate strategies, with a mission to create a positive impact for investors and communities. For more information, visit www.starlightinvest.com.