Today, Reza Irani-Kermani, CEO of Black Pearl Capital announced the completion of the acquisition of 65.8% of a 140 Acre former Chemical factory in Castleford, Yorkshire for an undisclosed amount.
This acquisition by Black Pearl Capital and its joint ventures partners forms part of a co-ordinated investment strategy to exploit significant long term value in UK Infrastructure Investments. “Black Pearl Capital will continue to exploit complex & distressed Brownfield sites as part of its Renewable Energy Infrastructure Investment programme” added Abbas Jafarian.
Black Pearl Capital expects to invest in a number of similar projects across the UK, targeting exits from 2013/14.
About Black Pearl Capital Partners
Black Pearl Capital Partners is a private equity fund created and managed by Black Pearl Capital (BPC). BPC is an asset management firm registered in the Cayman Islands, with headquarters in Switzerland and offices throughout Europe and the Middle East. For more information, visit www.blackpearlcap.com