CLIENT: Apollo Global Management LP

TRANSACTION: M&A

DATE: May 2020

SECTOR: Real Estate

 

Mandate:
Vitale, together with Eastdil Secured, acted as financial advisor to the selling fund’s unitholder in the sale of a portfolio of five Cash & Carry with Docks brand (Carrefour Group), belonging to the “ReItaly” Fund managed by BNP Paribas REIM Italy SGR S.p.A. and fully subscribed by Apollo Global Management.

The assets, with a total GLA of over 37,000 sqm, were purchased by the closed-end real estate Alternative Investment Fund (AIF) called “Polvanera”, managed by Kryalos SGR and fully subscribed by funds belonging to Hayfin Capital Management.

Four of the properties are located in Piedmont, in Turin, Novara, Nichelino (TO) and Burolo (TO) and one in Liguria, in Vado Ligure (SV).

Vitale and Eastidil provided assistance in structuring and negotiating the terms and conditions of the transaction between the counterparties.

Deal value:  44 m

 

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