February 27, 2015 8:19 AM ET

Capital Markets

Company Overview of Värde Partners, Inc.

Company Overview

Värde Partners, Inc. is a privately owned investment manager. The firm also provides investment advisory services. It provides its services to foundations and endowments, pension plans, insurance companies, other institutional investors, and private clients. The firm manages distressed funds for its clients. It invests in alternative markets across the globe. The firm specializes in alternative investments with expertise in credit, distressed and special situation investing. It typically invests in corporate securities; consumer loans and other obligations; structured securities real estate; and capital equipment. Värde Partners was founded in 1993 and is based in Minneapolis, Minnesota; Lon...

8500 Normandale Lake Boulevard

Suite 1500

Minneapolis, MN 55437

United States

Founded in 1993

Phone:

952-893-1554

Fax:

952-893-9613

Key Executives for Värde Partners, Inc.

Co-Founder, Managing Partner, and Co-Chief Investment Officer
Co-Founder, Managing Partner, and Co-Chief Investment Officer
Managing Partner and Head Trader
Managing Partner
Partner
Compensation as of Fiscal Year 2014.

Värde Partners, Inc. Key Developments

Redcape Hotel Group Seeks Financing

Redcape Hotel Group Pty Ltd is seeking financing. Redcape is preparing for a float later in 2015. Redcape's owners Värde Partners, Inc. and York Capital Management are preparing to offer a majority stake in company.

Flexigroup Reportedly Exits GE Money Sale Contest

The sales process being run by Credit Suisse and Morgan Stanley for what is commonly known as ‘GE Money’ is currently in the second round and final bids are due on March 10, 2015. However, advisors are now asking participants in the process to lodge firm bids, which are thought to come in at around $2.1 billion. FlexiGroup Limited (ASX:FXL) had been part of a consortium competing for the business with KKR & Co. L.P. (NYSE:KKR), Värde Partners, Inc. and Deutsche Bank AG (DB:DBK) interests. However, numerous sources told The Australian on February 2, 2015, that Flexigroup was no longer part of the Citi advised consortium and some believe it is completely out of the running. Other parties in the second round of the process is TPG Capital, L.P. A Macquarie Group Limited (ASX:MQG) and Pepper Australia Pty Ltd combination is the fourth participant, with The Carlyle Group LP (NasdaqGS:CG) potentially offering backing to the pair. Wesfarmers Limited (ASX:WES) was out of the contest, but its consortium partner Apollo Global Management, LLC (NYSE:APO) could still be in the frame to buy what is largely credit card and consumer loans worth around $7.5 billion, sources have said.

FlexiGroup, Varde And KKR Bids For GE Capital's Local Operations

FlexiGroup Limited (ASX:FXL), Värde Partners, Inc. and KKR & Co. L.P. (NYSE:KKR) joins race to acquire sales finance, credit cards and personal loans business of General Electric Capital Corporation, sources said. Indicative bids were submitted on December 12, 2014. FlexiGroup, Varde, and KKR are competing against consortium of TPG Capital, L.P., The Carlyle Group LP (NasdaqGS:CG), and The Blackstone Group L.P. (NYSE:BX) and Macquarie Group Limited (ASX:MQG) along with Pepper Australia Pty Ltd, Street Talk reported. Citi has reportedly been retained as advisor by FlexiGroup, Varde and KKR.

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