DUBAI, UNITED ARAB EMIRATES--(NewMediaWire - Sep 8, 2016)
- Global Equity International,
Inc. (OTCQB: GEQU)
and its fully owned subsidiaries, Global Equity
Partners Plc. and GEP Equity Holdings
Ltd., a global business consultancy firm with offices in
Dubai and London that consults to a diverse number of companies
around the world, are pleased to announce that due to business
demand a new structured and commercial finance division of the
Company has been established.
The new structured and commercial finance division, based in
London (United Kingdom), will focus on the needs of companies who
are more suited to receive debt financing over equity financing
with construction and property related transactions being the prime
target client.
Historically, the Company has had a complete focus in the public
sector with the IPO route it's tried and tested way to building
value, but as the network has expanded some tenfold in the past
four years. The number of substantial enquiries in the debt sector
has equally grown to the point whereby the Company can now see a
clear, viable and highly profitable new division within the
group.
Late August of 2016, the Company attracted its first major
client that fit the investment criteria of the new division and was
subsequently engaged by a "reborn and historically iconic" United
Kingdom hospitality brand to assist in the raising of up to, but
not limited to, US$2.5 Billion for the construction and acquisition
of a number of prime location properties in the hospitality sector
in the UK. The new client noticed a significant and innovative
niche in the United Kingdom hotel market and will be involved in
building new hotels and also acquiring existing properties on a
nationwide (UK) basis. The initial targets, within the first phase
of the client's business plan, amounts to an initial investment
requirement of US$250 to US$300 million structured around two or
three assets. The assets themselves form part of an extensive list
of target acquisitions to be brought into the Group over the next
three years with an ongoing capital raising strategy. Management of
the Group are seasoned in the hotel industry and have a deep depth
of knowledge of the sector, the offering, the value and the
potential targets.
Peter Smith, CEO of Global Equity International
Inc., said: "We have been receiving quite a
number of proposed property funding transactions that have been
historically outside of our usual remit, and on the other hand we
have been approached by various funders who are seeking more asset
backed projects. We therefore made the decision to only entertain
the very best of these types of projects whereby we can see a clear
way to the funding and conclusion of the deal prior to starting any
contractual negotiations. Our new mandate (client) is a brand name
that historically has been synonymous with quality and style in the
hospitality industry. The mandate is a very interesting one with
the core aspects of the deal being the acquisition and build-out of
new hotels in the United Kingdom. Since Brexit at the end of June
(2016), we have seen UK property represented at an almost 15%
discount to non-sterling (GBP) investors, making the already
attractive proposition of this mandate even more appealing due to
the recent decline of the British Pound. In the leisure rich Arab
Emirates, we anticipate a strong interest from our funding partners
to not only take advantage of the current sterling weakness but
also to be involved in such an iconic brand. This is a long term
commitment by both the client and our Company with a substantial
capital raise over time, hence it is a very exciting time for
Global Equity. We are, unfortunately, not at liberty to disclose
the name of our newly engaged client due to the current executed
non-disclosure agreements between the parties and the sensitivity
of the acquisition targets."
About Global Equity International Inc. and its
subsidiaries
Global Equity International Inc., through its wholly-owned
subsidiaries Global Equity Partners Plc. and GEP Equity Holdings
Ltd., advises worldwide business leaders with their most critical
decisions and opportunities pertaining to growth, capital needs,
structure and the development of a global presence. With offices in
Dubai and London, Global Equity has developed significant
relationships in the US, UK, Central Europe, the Middle East and
South East Asia to assist clients in realizing their full value and
potential by bringing them to external capital and resources that
place an emphasis on collaborative thinking. Furthermore, because
Global Equity has offices in key financial centers of the world,
they are able to introduce their clients to a unique opportunity of
listing their shares on any one of the many stock exchanges
worldwide. Global Equity Partners holds many long-term equity
positions in many of the companies that it represents.
Safe Harbor Statement
This press release may include forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, including statements related to anticipated revenues,
expenses, earnings, operating cash flows, the outlook for markets
and the demand for products. Forward-looking statements are no
guarantees of future performance and are inherently subject to
uncertainties and other factors which could cause actual results to
differ materially from the forward-looking statements. Such
statements are based upon, among other things, assumptions made by,
and information currently available to, management, including
management's own knowledge and assessment of the Company's industry
and competition. The Company refers interested persons to its most
recent Annual Report on Form 10-K and its other SEC filings for a
description of additional uncertainties and factors, which may
affect forward-looking statements. The company assumes no duty to
update its forward-looking statements.
