Blackstone Acquires Stake in Kryalos
05.22.19
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Simpson Thacher represented Blackstone Real Estate in connection with the acquisition of a 35% stake in Kryalos Investments S.r.l. – the holding company of Kryalos SGR S.p.A.
Kryalos SGR S.p.A. currently employs 55 people and manages 35 real estate funds reserved for professional investors. Assets under management amount to approximately €5.5 billion, covering 235 assets. Paolo Bottelli, who founded Kryalos in 2013, will remain as principal shareholder and CEO.
The Simpson Thacher Team included Wheatly MacNamara, Sam Charlton, Alex Morris and Spencer Patton (Real Estate); Harris Kaufman (Corporate); Rony Rothken (Funds); and Meredith Jones and Kelli Rivers (Tax).