| Jurys Inn became the latest target for Lone Star on Monday when the US distressed-debt investor swooped on the Irish and British hotel chain, ending years of debt restructuring at the company that was saddled with leverage at the height of the property boom. In 2008, Quinlan Private sold a 50 per cent stake to the Oman Investment Fund, one of the fund’s first investments, but along with other Irish property groups, Jurys Inn’s debts quickly soured during the downturn.
Think of a Gulf sovereign wealth fund with a penchant for investing in Britain. The names of Kuwait or Qatar will probably be first to the lips of many City dealmakers, writes Joseph Cotterill. The Sultanate of Oman keeps to a lower profile. Yet the region’s largest non-Opec oil producer has not one but two internationally active SWFs, each with investments beyond the Gulf norm...............................................Full Article: Source
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