The Joint Venture of Signal Capital Partners and Eurofund Group acquired Parcor, the owner of Parma Promenade shopping mall, from C-Holding, an investor in distressed assets (see here a previous post by BeBeez). Parcor also sold its debts with La Cassa di Ravenna, Ampre spv (part of UTP investor Back2Bonis, a fund of AMCO that Prelios manages), Fiora SPV (part of Blue Factor), Valerie SPV, Buonconsiglio 3 spv, and Juno 2. On 18 April, Thursday, Parcor’s creditors accepted to reduce to 22.8 million euros a pool financing of 67.5 million originally maturing in 2016 that the company attracted in 2009. Bird & Bird and EY assisted Signal Capital Partners and Eurofund Group. C-Holding retained Cartwright Pescatore and Aicardi & Partners while LMS Studio Legale advised the lenders.
Paullo Investimenti, a company that belongs to Italy’s urban regeneration operator Officine Mak, placed a 10 million euros senior secured minibond with professional investors, aimed at the valorisation of two assets for logistics use in excess of 260000 sqms based in the Milan-Turin-Genoa area (see here a previous post by BeBeez). The first over 101000 sqms asset is in Vercelli and received the building permit, while environmental authorisations could arrive by early 2025. The second 160000 sqms asset is in Arquata Scrivia is of interest to several developers and investors. Environmental permits and building permission could be available by mid-2026. Yeldo Group, Yard Reaas, Loan Agency Services, BFF Banking Group, and DWF acted as advisors. Lorenzo Belloni is the chief investment officer of Yeldo Group. Daniele Consonni is the managing director of Officine Mak.
Rent2Cash, an Italian startup that Yilang Chen, Gianluca Fioranelli and Marco Grassi (Chief Technology & Innovation Officer) founded in 2023, closed a 3 million euros equity and debt pre-seed round. Rent2Cash advances cash to landlords for up to three years of rent (see here a previous post by BeBeez). The company also officially started its operations with the purchase of the first leases that Banca Finint will finance through s securitization. The founders said that Rent2Cash reached a pre-money value of 5 million with equity in the region of 0.700 million and will invest these resources in the company’s organic growth and technology.
