EVERSHEDS SUTHERLAND AND PAVIA E ANSALDO IN THE DEBUT OF THE EUROCARE FUND OF THREESTONES CAPITAL MANAGEMENT
Milan, 28 March 2017 – Eversheds Sutherland and Pavia e Ansaldo were the law firms in the transaction for the debut on the Italian market of the TSC Eurocare Real Estate Fund, a paneuropean fund with a target of 500 million euro which specializes in the purchase and development of residential care homes, retirement homes and apartments for the disabled.
The Eurocare fund is managed by Threestones Capital Management, a Luxembourg asset manager, leader in Germany in the management and sale of long term care real property portfolios.
The Eurocare fund purchased from the Socrates Fund which is managed by Fabrica Immobiliare SGR, the first Italian structure, a residential care home with 120 beds in Milan, managed by Segesta (Korian Group).
Eversheds Sutherland assisted Threestones Capital Management in administrative matters for the fund’s entry in Italy as well as in each phase of the purchase transaction with a team coordinated by partner Alessandro Engst and composed by partner Giuseppe Celli, senior associate Francesco Manzullo and trainee Barbara Bellino, for the purchase of the residential care home and by partner Marco Franzin and senior associate Angelo Alfonso Speranza and trainee Angela Costanzo for the real property financing and security package.
Pavia e Ansaldo assisted Socrate Fund in the sale with partner Claudio Cera and assisted UBI Banca, the agent bank as organizer and lender of the financing for the purchase of the real property with a team coordinated by partners Francesco Satta and Mario Di Giulio and composed by partner Caterina Luciani and counsels Alessandra Grandoni and Leonida Cagli.