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Milan-listed Italian leisure and hospitality group Soges Group financed the 14.8 million euros enterprise value acquisition of Hotel Bretagna, the owner of Florence-based Hotel Rivalta, through the issuance of a 4 million minibond maturing in May 2031 paying a coupon linked to 3M Euribor rate (first payment of 5.8%) (see here a previous post by BeBeez). Fabrizio Botticelli, Alessandro Fiore and Elian Due sold the asset. Riello Investimenti subscribed the bond and retained Gianni&Origoni. Soges financed the acquisition with a 3 million financing facility of Mediocredito Centrale – Banca del Mezzogiorno as well. LCA assisted Soges Group. Value Track acted as financial advisor and arranger. Loan Agency Services held the role of Issuing Agent and Calculation Agent.
In 2024, auctions for distressed real estate assets went down 12% yoy, said Report Aste 2024 of AstaSy Analytics – Npls Re_Solutions (see here a previous post by BeBeez). Massimiliano Morana is the ceo of Npls Re_Solutions.
On 20 December, Friday, FOF Infrastrutture, a fund of funds of CDP Real Asset, said that invested a total of 75 million euros in two infrastructure vehicles (see here a previous post by BeBeez). The firm also attracted the investment commitments of pension funds Pegaso and Previambiente. FOF Infrastrutture also attracted the 300 million commitment of CDP Equity.
