Baker McKenzie represented Cambium Grove Capital ("CGC"), an Asia-based asset management platform that invests in real estate, alternative credit, private equity and special situation opportunities, in connection with structuring, formation and successful closing of an investment vehicle relating to the acquisition of a sizable hotel in Japan. This builds on an earlier purchase in the region and reaffirms CGC's commitment to strategic, value-add opportunities in the region.
Capitalizing on a unique situation, CGC secured the hotel with several hundred rooms, at an attractive valuation, negotiated an advantageous agreement with a prominent local operator and secured compelling local financing. This attests to their strong onshore market reputation, operational efficiency, and proven execution capabilities.
The Baker McKenzie team, led by Hong Kong-based private capital specialist Edwin Wong, and supported by Elizabeth Mifsud and Mengshan Zhang, advised on the transaction.
Commenting on the deal, Edwin said, "We are very pleased to have assisted our long-standing client on another strategic investment. This transaction demonstrates CGC's exceptional underwriting prowess and signifies the company's plans for continued growth in the Japanese and broader Pan-Asian real estate markets. We look forward to continuing to assist our client with their legal needs as they expand their investment portfolio across the region."This acquisition adds to the growing list of cross-border deals for which the Baker McKenzie team has previously advised Cambium Grove. The Firm's assistance to Cambium Grove spanned across various asset classes, including growth equity, venture capital, and digital assets.