Equita, agreement with Silvia Rovere to enter Sensible Capital

(Alliance News) - Equita Group Spa announced on Thursday that it has signed a preliminary agreement with Silvia Rovere to enter the capital of Sensible Capital, an independent real estate advisory boutique, with an initial 30 percent stake and a series of future steps that may lead Equita to consolidate the stake.

Starting in the second year after the closing, in fact, Equita may acquire an additional 40 percent stake in Sensible Capital and thus rise to 70 percent by exercising a call option.

The agreement signed provides for the company's entry into Sensible Capital through a dedicated capital increase and the purchase and sale of part of the existing shares, as well as the appointment of Silvia Rovere as Equita's senior advisor.

The transaction consideration will be paid at closing - expected by Sept. 30 - with a combination of cash and treasury shares.

Sensible Capital, an independent real estate advisory boutique founded in 2020, "stands out for its specialization in real estate advisory services aimed at investment funds and large groups," Equita points out.

"Sensible Capital supports its clients in the definition of strategic plans for the management, valorization, and divestment of real estate assets, and supports them with advisory activities aimed at owners and investors for the sale and purchase of assets and for monitoring the financial and non-financial performance of investments, ESG advisory services, and advisory in the financing and structuring of the aforementioned transactions."

With the stake in Sensible Capital, "Equita adds a new, important area of specialization to its investment banking offering, this time dedicated to real estate advisory, and will thus be able to offer its clients strategic advisory to enhance the value of their real estate assets," the company points out.

Equita's stock is flat at EUR3.68 per share.

By Chiara Bruschi, Alliance News reporter

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