Excem Capital Partners Sociedad De Inversion Residencial Socimi, S.A. (BME:YEXR) announced a private placement of common shares for gross proceeds of €6 million on October 8, 2018. The company will issue shares at 7% discount to the new investors in the transaction. The funding is being raised at a pre-money valuation of €17 million. The transaction is expected to close on November 10, 2018.