Kryalos Investments S.r.l., 100% holding company of Kryalos SGR S.p.A., opens the share capital to a minority financial partner.
Completed the sale of a 35% stake.
Paolo M. Bottelli will retain control with a long-term approach.
Milan, December 5th, 2018
The preliminary agreement for the sale of 35% of Kryalos Investments S.r.l. to affiliates of The Blackstone Group L.P. has been signed.
The transaction, subject to the prior Bank of Italy’s approval, is part of the expansion and institutionalization strategy of the company founded five years ago by Paolo M. Bottelli.
Over the past years Kryalos, which recently won the Finance Community Awards as the best real estate team of the year, has established itself as a leading player in the Italian real estate market, closing some of the most preeminent real estate transactions in the Italian market.
In 2018, Kryalos closed transactions for a total value of about €1.2bn on behalf of ten different investors.
Kryalos SGR S.p.A. manages 34 real estate funds reserved to professional investors and has 44 employees.
The governance of Kryalos SGR will remain unchanged. Andrea Amadesi will continue to hold the position of Chairman of the Board of Directors and Paolo M. Bottelli will keep the position of Chief Executive Officer. The minority financial partner has no voting rights in Kryalos SGR’s Board of Directors, and no representation in the SGR’s Statutory Auditors, nor in the company’s management.
The completion of the transaction, which will not involve a change of control and will not trigger any key man clause, is expected to occur within ten days from Bank of Italy’s approval.
Kryalos, which includes Kryalos SGR, Kryalos Asset Management and Kryalos Investments, operates in the field of Fund Management, Asset Management and Advisory with a team of 50 professionals and with assets under management of 5 billion euros, in offices, retail, logistics and hotel.
Contact: Barabino & Partners
Tel. 02 72023535
Cell. 335 7491683