(Read more on the debt and equitymarkets.)
NEW YORK CITY-Locally based Related Cos. has received a nearly$1.4 billion equity and debt investment, the first outsideinvestment in the company. Goldman Sachs and MSD Capital LP havepurchased equity stakes in Related totaling 7.5%. Threeinternational companies will also invest through a debt placement,including an affiliate of Mubadala Development Co. and the OlayanGroup.
In addition to the corporate investment, each investor willco-invest in future development opportunities undertaken byRelated. The group of investors has been specifically selected tofund future growth, the company explains. The minority investmentin Related includes no involvement in the governance of the companyand there will be no change in the company's managementstructure.
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