June 28 (Reuters) - Moelis Australia Ltd MOE.AX :
* Acquisition of Redcape Hotel Group & earnings upgrade
* Moelis Australia will invest $40 million in fund as a strategic investment
* Moelis Australia plans a future IPO of fund on ASX
* Agreed to acquire Redcape Hotel Group for $677 million
* Forecast underlying EBITDA for FY17 would have been $36 million (a 55% increase on prospectus forecast of $23.2 million)
* Expects to have in excess of $2.5 billion of assets under management by 31 December 2017
* Moelis Australia Redcape Hotel Group is forecast to deliver an initial cash yield to investors of 8.75% per annum (paid quarterly)
* Moelis Australia Redcape Hotel anticipates earnings growth of 3% - 5% per annum Source text for Eikon: ID:nASXM9yGn Further company coverage: MOE.AX