Credito Fondiario, a leader master servicer in Italy with about Euro 48 billion under management, supported H.I.G. Realty Partners, the real estate investments division of H.I.G. Capital (one of the main international investment funds in the private equity and alternative assets sector) and InvestiRE SGR S.p.A. in the relaunch of the touristic area of Portopiccolo, located at Portopiccolo Sistiana, in the province of Trieste, Italy.
With this transaction, Credito Fondiario strenghted its role as servicer in Italy, providing a complete range of servicing activities: more specifically, the bank was involved in a Euro 55 billion operation – which provided a part of the resources used by the Italian Real Estate Fund managed by InvestiRE SGR S.p.A. to meet some financial needs related to the Portopiccolo operation.
Credito Fondiario acted as Retention Holder, Primary Servicer, Master Servicer, Corporate Servicer, Calculation Agent and Paying Agent. Three Stars Capital Partners supported InvestiRE SGR S.p.A. on the financial side of the operation, as financial advisor.