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... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...