Fireside Investments and Blackstone Tactical Opportunities partnered on an equity investment into Concert Golf Partners. Concert Golf Partners is a leading owner and operator of private golf and country clubs in the United States.
Fireside Investments partnered with Blackstone Tactical Opportunities and Blackstone Real Estate Partners to acquire International Market Centers (“IMC”) from Bain Capital Private Equity, L.P. and funds managed by Oaktree Capital Management, L.P. IMC is the world’s largest owner and operator of premier showroom space for the furnishings, home décor and gift industries, with 20 million square feet of world-class exhibition space in High Point, NC, Las Vegas, NV and Atlanta, GA, catering to over 8,500 exhibitors and lines. The company’s mission is to build and operate an innovative, sustainable, profitable and scalable platform for the furnishings, home décor and gift industries.
Fireside Investments partnered with Audrose Partners and Wafra Inc. to establish National Express Wash LLC, a newly launched platform that is building a portfolio of market-leading express car wash businesses located in major North American markets. The company focuses on acquiring and developing express car washes with attractive underlying real estate.
Fireside Investments partnered with Bain Capital Private Equity (“Bain”) to acquire Ooedo Onsen Holdings (“Ooedo” or the “Company”). Ooedo operates a chain of 40 hot spring and hotel (“Onsen”) facilities across Japan that collectively attract over 50 million customers per year. Ooedo represents one of the few scale operators in Japan with the vast majority of other Onsen assets owned and operated by individuals and families. Fireside and Bain have focused the Company on strengthening customer marketing, instituting western style revenue management and expense control practices and the acquisition of one-off properties which can be repositioned and incorporated into the Ooedo brand. In 2016, Fireside and Bain took a portion of the Company’s real estate public through a REIT IPO on the Tokyo Stock Exchange (TSE: 3472).