Cain International

Cain International was co-founded by Jonathan Goldstein and Todd Boehly in 2014,[4] with minority backing from Guggenheim Partners.[5][6] The company's early investments were a number of mixed-use developments in the United Kingdom before expanding to hotels, restaurant, housing and entertainment developments.[7][8]

The firm was in talks to buy Tottenham Hotspur F.C. in 2014,[9] but later pulled out of negotiations.[10][11] Cain's CEO Goldstein later became a co-owner and director of Chelsea F.C., in 2022.[12]

Cain Hoy entered a joint venture with Galliard Homes in 2015 to develop high rise apartments in Canary Wharf.[13][14]

In 2014, Cain Hoy Enterprises loaned $167 million to SBE Entertainment Group as part of the company's recapitalization.[15] As part of the deal, three principals from Cain Hoy joined SBE's board of directors.[16] They later stepped down from the board in December 2014.[15] In 2016, Cain Hoy acquired a 25% stake in SBE Entertainment as part of a joint venture to acquire Morgans Hotel Group.[17] It exited this investment in 2018 when it sold this stake to Accor.[18]

By 2016, the firm had invested over $1.4 billion in real estate development,[19] and had begun to expand into the United States and Europe.[20] Cain Hoy was renamed Cain International in 2017.[21] In 2019, the company opened an office in Los Angeles.[7]

In 2018, the company purchased a $345 million stake in The Beverly Hilton and Waldorf-Astoria Beverly Hills as part of a joint venture with Israeli hotelier Beny Alagem.[22] In 2021, the partnership received approval from the city council to begin construction on One Beverly Hills,[23] a mixed-use development spanning 17.5 acres that includes the Beverly Hilton, the Waldorf Astoria, and a planned Aman Hotel, Residences & Club.[24]

Since 2018, Cain International has developed a number of skyscrapers in Miami, including the Una Residences, Missonia Baia and 830 Brickell Tower.[25][26]

In April 2021, Cain International and OKO Group, a Miami-based real estate development firm, received a loan from Bank OZK to a construct the Missoni Baia tower in South Brickell, Miami.[27][28] The Missoni Baia tower was topped off in June 2021.[29] Cain International and OKO Group also entered a joint venture to build One River, a highrise apartment in Fort Lauderdale.[30]

In December 2020, the company acquired restaurant chain Prezzo.[31] It also invested in the Raffles Boston Back Bay Hotel & Residences,[32] which was topped-out in March 2022.[33] As November 2022, the company had invested £46 million into mini golf chain Swingers.[34]

Cain International raised €324 million for its first European real estate fund, with backing from Goldman Sachs and Security Benefit Life Insurance Company. The fund closed in May 2021.[35] Cain International acquired a commercial site in Dublin, alongside Kennedy Wilson, in December 2018. Development of the site began in 2019 and is due for completion in two phases by 2023 and 2024.[36]

The company provided a $117 million loan to Lendlease in November 2021 to finance the construction of The Reed, a development project in the Chicago Loop.[37][38]

In 2022, the company partnered with Fusion Students to develop a student housing portfolio across London, Portsmouth, Liverpool, Manchester, Nottingham, and Birmingham.[39] The company purchased Firethorn Trust's UK logistics portfolio for £550 million in March 2022.[40][41] In April 2022, Blackstone Inc provided Cain International with £420 million in financing to develop the portfolio acquired in 2021.[42]

In May 2022, the company agreed to loan £261.5 million to Shinfield Studios for the construction of a 1 million sq. ft. production facility. Once completed, the facility will be one of the largest film and television production studios in the United Kingdom.[43]

In 2022, the company and the Public Investment Fund of Saudi Arabia invested $900 million into Aman Group, to support the hospitality group's international expansion. The investment brought the group's valuation to $3 billion.[44]