Zeus leads Barbados hotels firm to AIM
AIM specialist Zeus Capital is bringing a Caribbean lesiure business to the market.
Elegant Hotels Group, which owns and operates five high-end properties in Barbados, is raising £64m in a shares placing and will be valued at around £88m when shares begin to trade later this month.
Manchester-based Zeus is adviser and sole broker to Elegant, which is currently owned by a private equity firm, Vision Capital, which is looking to partially exit.
Elegant's portfolio comprises freehold beachfront hotel... For the full story register now for free or login below...