GI Partners, the trans-Atlantic private equity house, has backed the launch of Elystan Capital Advisers, a Munich-based investment firm targeting mortgage backed assets and the mortgage banking sector in Germany, Austria and Switzerland. According to well-informed sources, GI Partners will provide EUR 100 mln with a view to expanding this figure should further opportunities arise.
Legal & General Investment Management’s (LGIM’s) managed fund has acquired Tesco Yarrow Road Poole from clients of abrdn for £46.1 mln (€54 mln).
