Nissho Iwai American Corp. (Sojitz) | Acquisition program representative for U.S., for Nissho Iwai American Corp. (now Sojitz Corp.)
StoneCreek Partners was retained by Nissho Iwai American Corp. (NIAC, now Sojitz) as owner’s representative for their North American acquisitions program. The retainer relationship included solicitation and screening of investment proposals, initial investment suitability and feasibility evaluations for NIAC, and in select instances, preliminary deal structuring and due diligence support for prospective acquisitions.
Two select examples of additional detailed due diligence support were Calhoun Beach Club and Condominiums situated along the shoreline of Lake Calhoun in downtown Minneapolis, Minnesota, and, Newport-Banning Ranch located in Newport Beach, California. Sojitz was formed in 2004 by the merger of NIAC and Nichimen Corporation.
Hong Kong Faithrise Investment Holdings Limited | StoneCreek Partners acted as a real estate due diligence and consultant and owner representative to the acquisition process, to this PRC-based investor pursuing a coastal California golf resort (development site) acquisition. Work included issues of project feasibility and hotel management company alternatives for this new development situated to include two existing championship golf courses.
Established in Hong Kong SAR, Faithrise Group (the “Group”) is a new capital and products operation group. As of year-end 2014, the Group had approximately USD $325 million under direct management, with new capital infusion in 2015-2016 that will take the Group’s assets under management to well over USD $500 million. Through wholly-owned affiliates, Faithrise Group has established outbound investments throughout the U.S., Canada, and now in Spain. In 2014, the Group formed Faithrise Capital Spain S.L. (Madrid) to facilitate its acquisition of Barcelo Sancti Petri Spa Resort, a 5-star resort in Cadiz. In 2013, Faithrise Group acquired SimpliFlow Competitive Sports in Toronto, which is now expanding in Canada and soon to the U.S. and Europe.
NEI / Al Tameer Trading Est. | Acquisition and property management of master-planned landholding on behalf of a major offshore investor client, Banning-Lewis Ranch was purchased from the Resolution Trust Corp. for $18.5 million. The property had been assembled, acquired, and held for development by well-known Colorado entrepreneur Frank Aries, through more than $200 million in investment in infrastructure and land purchases. The property was re-sold several years later for $60 million.
Banning-Lewis Ranch is a highly strategic landholding, existing essentially as the entire direction of growth for metropolitan Colorado Springs, encompassing more than 20 square miles along the city’s eastern edge.