Milan Municipality sold San Siro Stadium and its surrounding area for 197 million euros with a 22 million contrinution to RedBird Capital Partners’ AC Milan and Oaktree’s FC Internazionale Milano (see here a previous post by BeBeez). Goldman Sachs, J. P. Morgan, Banco BPM, and BPER Banca financed the transaction. However, Milan’s Prosecutors are investigating for bid rigging in the sale of the stadium after Claudio Trotta, an entrepreneur of the events sector that owns Barley Arts, said he could not join the auction. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Oaktree, RedBird Capital Partners, and their portfolio companies. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
Milan-listed real estate developer and alternative asset manager Borgosesia launched two securitizations and acquired Pisa’s Residence San Rossore (see here a previous post by BeBeez). Janus set a fundraising target of up to 20 million euros and will be part of a Basket Loans Program. Borgosesia will acquire a minority of the abs notes for up to one million. Euclide aims to raise up to 150 million and will acquire from Borgosesia the notes of a special purpose vehicle in consideration for the transfer of properties currently in the company’s portfolio. Euclide will issue Milan-listed senior notes (floor 6%, cap 400 bps over 3MEuribor) and Borgosesia will purchase the mezzanine (7%, 500 bps over 3MEuribor) and junior items (8%, 600 basis point bps over 3MEuribor). Borgosesia could also issue a Milan-listed Collateralised Loan Obligation (CLO). The company appointed Federica Mor as chairwoman of the surveillance board of which are also part Vittore d’Acquarone and Werther Montanari. Residence San Rossore’s enterprise value amounts to 7 million. Borgosesia paid 6 million of the total amount through the purchase of a mortgage liability.
Italian luxury fashion firm Kiton received a 15 million euros financing facility from Intesa Sanpaolo – Banca dei Territori (see here a previous post by BeBeez). The company will invest such resources in its organic and international growth and the renovation of a six-storey building in Manhattan, New York. Ciro Paone founded Naples-based Kiton in 1968. The company now belongs to Maria Giovanna Paone (31.5% – ceo) and Raffaella Paone (31.5%) and other minority shareholders. Giuseppe Nargi is Intesa’s manager for Campania, Calabry and Sicily. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Kiton and its private credit lenders and its portfolio companies. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
Italian real estate group Pohl Immobilien issued a 2.5 million euros minibond maturing in 2030 that Mediocredito Trentino-Alto Adige subscribed and for which InvestEU Sustainability provided a warranty (see here a previous post by BeBeez). The company will invest such proceeds in acquiring and refurbishing real estate assets. Maximilian Lazzeri is a director of IFA Financial Service which acted as deal advisor. Hans Martin Pohl heads the Pohl. Diego Pelizzari is the coo of MCC TAA. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Phol Immobilien, Mediocredito Trentino-Alto Adige and their investments. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
Retail & Leisure Fund, a platform that Pillarstone and Promos created for underperforming retail buildings whose Gross Book Value (GBV) amounts to 400 million euros,is carrying on the 20 million worth relaunch and repositioning for 25000 sqms Complesso Polifunzionale San Donato (Florence) and 22000 sqms Centro Commerciale Continente di Mapello (Bergamo) (see here a previous post by BeBeez). Promos will manage the assets and act as property and facility management. Filippo Maffioli is the ceo of Promos. Gaudenzio Bonaldo Gregori is the chairman and ceo of Pillarstone.
