Registered at CMVM and certified by RICS, Prime Yield focus on evaluating assets and mortgage credits for banks and investment funds, having among its clients fund managers, financial institutions, insurance companies and hotel, car, health and logistic companies. Bain Capital, KKR or Cerberus are some of these clients .
This is the 6th acquisition made by Gloval in the last 2 years. As a result of this operation, Gloval will integrate Prime Yield’s 80 professionals, spreadout through Portugal, Brazil, Cape Verde, Mozabique and Angola. Nelson Rêgo, Prime Yield’s founder and first CEO, will keep his current position, adding to it Gloval’s international business development in evaluation and real estate consultancy for investment funds.
Commenting on this operation, Nelson Rêgo stresses that «for Prime Yield, to be integrated into Gloval is a unique opportunity to be part of a solid company, to capitalize and learn with its know how, and, besides that, to expand our services to other markets».
«The operation will allow us to become part of a leading company in terms of offering evaluation and real estate consultancy to big international investment funds», comments Roberto Rey, Gloval’s President and CEO. «Besides that, it will also offer us the opportunity to spread our presence into Latin America and Africa, while developing Prime Yield’s business in Spain and Southern Europe».
In this operation, Gloval was advised by Gómez-Acebo & Pombo (legal) and BDO (due diligence), whereas Prime Yield was advised by DLA Piper (legal).