Paris-listed Covivio and French hotels chain AccorInvest signed an asset swap worth 800 million euros (see here a previous post by BeBeez). Covivio has now 43 hotels and signed a partnership with Crédit Agricole Assurances, Caisse des Dépôts et Consignations and Société Générale Assurances. Covivio received assistance from Natixis Partner, Etude Cheuvreux, De Pardieu Brocas Maffei, Loyens & Loeff, J+S, and PWC.
Logicor and Kryalos, a firm that Paolo Bottelli created andof which Blackstone has 35%, said that they acquired from Mazer a logistic asset in Sordio, in the Lombardy Region (see here a previous post by BeBeez). The asset is of 23000 sqms. The Blossom Avenue, White & Case, Yard Reass, Bertacco Recla, and Ernst&Young advised the buyers. Graeme Hepburn is Logicor’s country manager for Italy. Gianluca Vairani is Kryalos’ Senior Managing Director Transaction Management & Head of ESG
Soges Group, a Milan-listed provider of hospitality services, said it signed an agreement for acquiring Hotel Bretagna, the owner of Florence-based Hotel Rivalta, from Fabrizio Botticelli, Alessandro Fiore and Elian Due for 12.6 million euros on the ground of an enterprise value of 14.8 million (see here a previous post by BeBeez). Soges will fetch 4.67 million out of the sale of the asset to SB Investimenti and LB Gestioni and lease back the asset.
Taconic Capital and Multi Corporation acquired Venice shopping mall Valecenter from the eponymous owner (see here a previous post by BeBeez). Multi Corporation will act as property and asset manager. Chiomenti and NautaDutilh assisted the buyers while Pirola Pennuto Zei & Associati, Ashurst and EY Parthenon advised Valecenter. UniCredit, the vendor’s main creditor, hired Dentons. Valecenter has sales of 3.1 million euros, an ebitda of minus 0.414 million, net debts of 0.243 million, and equity of 0.033 million. Elmar Schoonbrood is the co-ceo of Multi. Keith Magliana is the portfolio manager and head of european credit of Taconic Capital.
