Regal Partners, the ASX-listed alternative asset manager, has pitched an offer to take full control of Ark Capital in a move that would rescue the property investment manager from administration and progress its ambitions to build a hotel portfolio.
Regal acquired a half stake of Ark Capital in June last year and wants to buy out the remaining half to bolster Ark’s ability to win management rights to hotel properties, according to sources familiar with the situation but not permitted to speak publicly.
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