Private investment firm AnaCap is to acquire a majority stake in Yard Reaas, an independent platform providing investment, property management and valuation services for institutional investors and banks.
Headquartered in Milan and with offices in Rome, Paris and London, Yard Reaas provides end-to-end investment services and property management solutions to a customer base comprising local and international institutional investors and banks. Over the past three years it has monitored investments worth €1.5bn, performed assets valuations in excess of €30bn as well as managing a real estate portfolio worth over €13bn, according to a press release.
Yard Reaas is led by CEO Emanuele Bellani, alongside a 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.
AnaCap’s support will enable the Yard Reaas leadership team to accelerate its international expansion strategy in Southern Europe as it seeks to execute a strong pipeline of acquisitions across Italy, Spain and France.
Buy-side advice was provided by Vitale & Co and Allen & Overy. Closing of the transaction is subject to customary closing conditions.
