M&A Deal Summary

Covivio Acquires Dedica Anthology

On September 8, 2020, Covivio acquired leisure company Dedica Anthology from Värde Partners for 573M EUR

Acquisition Highlights
  • This is Covivio’s 1st transaction in the Leisure sector.
  • This is Covivio’s 0th largest (disclosed) transaction.
  • This is Covivio’s 1st transaction in Italy.

M&A Deal Summary
Date 2020-09-08
Target Dedica Anthology
Sector Leisure
Buyer(s) Covivio
Sellers(s) Värde Partners
Deal Type Add-on Acquisition
Deal Value 573M EUR

Target

Dedica Anthology

Milano, Italy
Dedica Anthology is an Italian luxury hotel group. Dedica Anthology offers a new way to reserve stay simply, quickly, safely and always at the best rates available. The company will continue to own and operate 9 luxury hotels located across key cities in Italy (Rome, Florence, Milan and Venice), France (Nice), Hungary (Budapest) and the Czech Republic (Prague). The trophy properties include over 1,300 rooms. Dedica Anthology was founded in 1978 and is based in Milano, Italy.

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Buyer(S) 1

Buyer

Covivio

Paris, France
Category Company
Sector Real Estate
Employees997
Revenue 935M EUR (2023)
DESCRIPTION

Covivio is a real estate player at the European level which is close to its end users, capturing their aspirations, combining work, travel, living, and co-inventing vibrant spaces. Covivio offers support to companies, hotel brands and territories in their pursuit for attractiveness, transformation and responsible performance. Covivio is based in Paris, France.

DEAL STATS #
Overall 1 of 1
Sector (Leisure) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Italy) 1 of 1
Year (2020) 1 of 1

Seller(S) 1

SELLER

Värde Partners

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1993
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Värde Partners is a global alternative investment advisor and firm focused on a variety of strategies. Värde will consider a broad array of investments including corporate assets and sovereign debt, residential mortgages, real estate, specialty finance, transportation, infrastructure, and logistics. Värde Partners was formed in 2000 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 6 of 10
Sector (Leisure) 1 of 2
Type (Add-on Acquisition) 3 of 4
Country (Italy) 1 of 1
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-10 Canaccede Financial Group

Toronto, Ontario, Canada

Canaccede Financial Group Ltd. is a full-service partner and provider of purchasing and servicing solutions for the Institutions managing receivables in Canada. Canaccede Financial works directly with institutions to provide efficient access to capital, improving operational expense structure.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-20 Latitude Financial Services

Docklands, Australia

Latitude Financial Services is an independent digital payments and finance company serving consumers across Australia. The Company was founded in 2015 and is based in Docklands, Australia.

Sell -
Mergr

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