Cain International

Cain International was co-founded by Jonathan Goldstein and Todd Boehly in 2014,[4] with minority backing from Guggenheim Partners.[5] The company was named after the Cain Hoy Stable owned by the Guggenheim family[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]

The firm was in talks to buy Tottenham Hotspur F.C. in 2014,[8] but later pulled out of negotiations.[9][10] Cain Hoy entered a joint venture with Galliard Homes in 2015 to develop high rise apartments in Canary Wharf.[11][12]

In 2014, Cain Hoy Enterprises loaned $167 million to SBE Entertainment Group as part of the company's recapitalization.[13] As part of the deal, three principals from Cain Hoy, including Silverman, joined SBE's board of directors.[14] They later stepped down from the board in December 2014.[13] In 2016, Cain Hoy acquired a 25% stake in SBE Entertainment as part of a joint venture to acquire Morgans Hotel Group.[15]

By 2016, the firm had invested over $1.4 billion in real estate development,[16] and had begun to expand into the United States and Europe.[17] Cain Hoy was renamed Cain International in 2017.[18] 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.[19] In 2021, Cain International and Alagem received approval from the city council to begin construction on a $2 billion development at One Beverly Hills that would include 300 condominiums and a hotel.[20] Cain International and Alagem received $500 million in financing from Goldman Sachs and Aereal Capital for the project.[21]

Since 2018, Cain International has developed a number of skyscrapers in Miami, including the Una Residences and 830 Brickell Tower.[22][23] 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.[24][25]

In December 2020, the company acquired restaurant chain Prezzo.[26]

Cain International closed its first European real estate fund for €324 million in May 2021, with backing from Goldman Sachs and Security Benefit Life Insurance Company.[27] Cain International began developing commercial property in Dublin in July 2021, as a joint venture with Kennedy Wilson.[28]

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.[29][30]

In 2022, the company partnered with Fusion Students to develop £1.5 billion of student housing in London, Portsmouth, Liverpool, Manchester, Nottingham, and Birmingham.[31] The company purchased Firethorn Trust's UK logistics portfolio for £550 million in March 2022.[32][33]