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DoveVivo enters the US fund Starwood Capital with 50 million euros

Europe’s leading coliving company, DoveVivo, has just announced a new €50 million fundraising round. This is how Starwood Capital, an American investment fund specialized in the real estate sector worldwide with more than 100,000 million dollars in assets under management, has entered the company’s share capital, with a non-majority stake of around 22%.

The majority shareholder of the DoveVivo group remains DV Holding SpA, controlled by its founders Valerio Fonseca and William Maggio with the minority shareholder Tamburi Investment Partners SpA.

Three strategic pillars

The resources raised thanks to the operation will allow the company to pursue the objectives of the new business plan, based on three strategic pillars:

The evolution from a coliving company to a ‘living’ companypassing through the management of even more flexible housing solutions both in terms of target, or target audience, not only students and young professionals, but also multi-family homes, managers and companies, as well as in terms of duration, from the short and medium term, to arrive at long-term solutions.

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The integration in the offer of high added value servicesallowing its users to benefit from the advantages of being part of the DoveVivo community not only in terms of accommodation but with a view to a 360 ° experience.

The reinforcement of the internationalization plan, also through M&A operations (mergers and acquisitions), with the aim of consolidating its presence in the markets in which the company is already present: Spain, Italy and France, as well as entering new European countries. The goal for the next three years is to build the largest European residential management platform in Europe.

Valerio Fonseca, Founder and CEO of DoveVivo, commented: «The transaction that we are announcing today represents a key moment for the evolution of the company’s business project which foresees, already in 2022, the expansion of the offer to an ever larger public, the development of the community and advanced services to owners, investors and end customers. We are very proud that an international fund like Starwood, a leading player in the global real estate sector, has believed in our project especially at a time in history when quality and the ability to innovate are essential to be increasingly competitive nationally and internationally. We see great potential synergies that can be set in motion with such a strategic partner, joining a group of top-flight partners like Tikehau Capital and Tamburi Investment Partners.”

Francesco Zanella, senior vice president and director of the southern European acquisitions team at Starwood Capital, assured for his part that: “We are delighted to join the DoveVivo project and support the future growth of the company. This investment represents the beginning of a strategic association with a leading operator in the European residential sector that will allow us to exponentially increase our presence in the residential market throughout Europe. We support the vision, the business plan and its exceptional management team. We believe in the solid fundamentals of this residential commitment and we are delighted to join DoveVivo’s group of first-tier shareholders by contributing our experience and knowledge of real estate globally”.

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