Our services

Investment Management

We manage the investment process.

Positioning

A private equity real estate approach applied to Caribbean markets: identify, underwrite, structure and execute your investments.

Investment Management is about the capital. Project & Development Management is about the project. Here we analyze the investment opportunity and the return on invested capital.

CARIDEMA supports private investors, family offices, investment companies and institutional owners throughout the sourcing, underwriting, structuring, acquisition and disposition of real estate investments in the Caribbean. For most of our clients, an investment in the region is not their first: they are sophisticated investors, used to a high standard of execution. That is the standard we apply, aligned with the practices of the private equity real estate industry: understand your objectives, identify opportunities, underwrite the risk, model the returns and support a disciplined, well-informed investment decision.

Thanks to our network of business introducers and our local presence in each territory (St. Martin, St. Barths, Anguilla, Guadeloupe, Antigua & Barbuda, St. Kitts & Nevis and the Caribbean) we identify opportunities before they reach the market.

Scope of services

What we manage.

Investment Strategy

Definition of investment objectives: target return, holding horizon, risk profile
Core / Core+ / Value Add / Opportunistic strategy where relevant
Selection of jurisdictions and asset classes, allocation strategy
Definition of investment criteria

Market Intelligence & Deal Sourcing

Macro and micro-economic analyses, analysis of real estate markets, supply and demand
Analysis of the tourism and economic drivers of each territory
Transaction benchmarking
Identification of off-market opportunities, sourcing via brokers, owners, operators and a local network of business introducers
Pre-qualification of opportunities

Investment Underwriting

Financial modeling: DCF, business plan, cash flow, PropCo / OpCo analysis
IRR, Equity Multiple, Cash-on-Cash
Entry and exit scenarios, price / cost / revenue / financing sensitivity analyses, downside cases
Valuation and risk-adjusted return analysis
Preparation of the Investment Memorandum in institutional format
Organization and management of fundraising

Due Diligence Management

Coordination of due diligence: technical, financial, legal, tax, regulatory, planning, environmental, insurance, commercial
Review of business plan assumptions
Identification of red flags and quantification of risks

Transaction Management

Negotiation support, coordination of the acquisition process
Data room, coordination of advisors
Monitoring of conditions precedent and financing
Transaction documentation, with legal advisors
Coordination through to closing

Capital & Financing Strategy

Debt / equity optimization and leverage analysis
Structuring of the financing and coordination with debt and equity partners, local, European, American and Canadian banks
Sourcing of bank financing and analysis of the term sheets obtained
Grants, incentives and public funding programs, plus coordination of applicable tax mechanisms (tax-relief approvals, tax holidays) together with qualified tax advisors in each jurisdiction

Investment Monitoring & Exit Strategy

Comparison of actual performance against the initial underwriting
Business plan updates, periodic strategy reviews
Hold / refinance / sell analyses
Preparation of the exit strategy and the disposal