Davidson Kempner Capital Management Announces the Signing for the Sale of Prelios S.p.A.
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fredag, augusti 11, 2023
NEW YORK and LONDON, Aug. 11, 2023 /PRNewswire/ -- Davidson Kempner Capital Management LP ("Davidson Kempner"), a global investment management firm, announces the signing of a binding agreement with X3 Group ("X3"), a subsidiary of ION, for the sale of Prelios S.p.A. ("Prelios").
Key Points:
- NEW YORK and LONDON, Aug. 11, 2023 /PRNewswire/ -- Davidson Kempner Capital Management LP ("Davidson Kempner"), a global investment management firm, announces the signing of a binding agreement with X3 Group ("X3"), a subsidiary of ION, for the sale of Prelios S.p.A. ("Prelios").
- Established in 1990 in Milan, Italy, Prelios is the Italian leader in alternative asset management, servicing and specialized property services with more than €40bn of assets under management across non-performing loans, unlikely-to-pay exposures and real estate funds.
- Since investment funds advised by Davidson Kempner acquired the business in 2018, Prelios has been able to grow its revenue from €100m to over €300m while significantly improving profitability.
- Goldman Sachs International acted as financial advisor and Linklaters LLP provided legal advice to Davidson Kempner.