AnaCap, a private equity investor specialised in partnering with founders and entrepreneurial management teams, across services, technology and software within the European financial ecosystem, signed an agreement for the acquisition of a majority stake in Yard Reaas, a Milan, Italy-based developer of an independent platform providing investment, property management and valuation services for institutional investors and banks.
The amount of the deal was not disclosed.
Headquartered in Milan and with offices in Rome, Paris and London, Yard Reaas has more than 30 years of experience, providing end-to-end investment services and property management solutions to a diversified customer base composed of local and international institutional investors and banks.
Over the past three years it has monitored investments worth €1.5 billion, performed assets valuations in excess of €30 billion as well as managing a real estate portfolio worth over €13 billion on behalf of first-class institutions. The company was led by CEO Emanuele Bellani, alongside a highly entrepreneurial founding management team formed by Paolo Datti and Paolo Perrella, which will continue to drive growth for the platform under AnaCap ownership in Italy and internationally.
Commenting on the news, Emanuele Bellani, CEO of Yard Reaas, said: “It became clear to us very quickly that AnaCap would be a perfect partner as we target significant growth in scale and offering of services. Their vast experience in executing build-up strategies, their deep understanding of tech-enabled business growth and their DNA in supporting highly entrepreneurial management teams will help us immeasurably in achieving our ambitious goal: consolidating our leadership in Italy, as well as expanding our geographical presence in other countries via strategic acquisitions using technology as the key differentiating aspect in the market.”
FinSMEs
08/04/2024