Corporate team acts for Dolphin Capital Investors on its disposal of the Playa Grande Golf and Resort project in Aman

Dolphin Capital Investors (DCI) instructed Gowling WLG's Corporate team to assist it in disposing of Aman's only golf and leisure resort, including the Amanera resort (being the only golf-integrated resort in the world) to Third Point LLC, the largest shareholder of DCI, which acted on certain funds managed and/or advised by it.

Third Point took part in a competitive process along with another reputable investor to secure the Playa Grande resort for an enterprise value of €140 million. A consideration of €64 million will be payable as €4.7 million in cash and the retirement of all of the company's €50 million and US$9.17 million 2018 convertible bonds.

Corporate partners John Reed and Michael Lacey led on the deal, supported by associate Emily Troubridge.