Asset-backed Operating Companies
Brockton Capital will consider acquiring operating businesses where the majority of the total enterprise value of the firm is comprised of its owned assets. Examples include certain infrastructure assets (data centres, airports, container ports, etc), retail businesses, leisure and hospitality businesses (hotels, serviced apartments, pubs, etc). Asset-backed operating businesses that we have invested in to-date include:
- Data Centres, through a joint venture with Virtus Data Centres, a developer / operator of Tier III data centres backed by both strong management and substantial capital. Virtus recently completed its first data centre, located in Enfield, Greater London and also owns a pipeline of further sites for delivery within the M25.
- Pubs, via our joint venture and investment into Realpubs Limited, which is focused on well located, food-led pubs in Greater London. Realpubs was sold to Greene King plc, a FTSE-250 listed brewer-operator, in April 2011.