Latest news with #KingStreetCapital
Reuters
13-05-2025
- Business
- Reuters
Spanish hotel group Room00 raises $444 million to fund London expansion
MADRID, May 13 (Reuters) - Spanish hotel group Room00 said on Tuesday it had raised 400 million euros ($444.4 million) in new equity from investment fund King Street Capital Management to finance its expansion in London. The company did not disclose its valuation after the capital injection. The privately held company runs 50 high-end hostels in Spain, Italy and Portugal with about 2,500 individual and group rooms designed for young tourists. Room00 intends to buy 20 assets in London with as many as 1,000 rooms, it said. The company, owned by Spanish businessman Ignacio Requena, has recently bought a series of hostels and intends to leverage on the current Southern Europe tourism growth to expand elsewhere. ($1 = 0.9002 euros)
Bloomberg
07-05-2025
- Business
- Bloomberg
Southern Water to Tap King Street-Led Funding to Refinance Debt
Southern Water Ltd. is set to tap new funds from a group of investors led by King Street Capital Management to refinance some of its safer debt and stabilize its finances. With £350 million ($467 million) of notes due next March, Macquarie Asset Management-backed Southern Water recently secured the support of the debt investors to buy £800 million of new bonds that the company plans to issue, according to people familiar with the matter who spoke on the condition of anonymity.
