The Palace Company Acquires Prestigious Rome Property
Deal News | May 07, 2025 | Legal Community Italy
The Palace Company, a prominent entity in the hospitality industry, has successfully acquired a distinguished property in the historic center of Rome, located on Via delle Vergini. This acquisition was made by purchasing all the shares of Comet Fund, managed by Kryalos SGR, currently owning the property. The building is poised for a complete redevelopment into a luxury 5-star hotel, which will become a key asset in The Palace Company's recently acquired chain, Baglioni Hotels & Resorts. The international law firm DLA Piper, led by partner Valentina Marengo, provided comprehensive advisory services across real estate, administrative, tax, regulatory, and finance dimensions for The Palace Company. Kryalos SGR was advised by Di Tanno Associati in contractual, regulatory, and governance aspects with its investors. The seller, Bain Capital, engaged Linklaters for multifaceted legal expertise in the transaction.
Sectors
- Hospitality
- Real Estate
- Legal Services
Geography
- Italy – The property purchase and planned transformation are located in Rome, Italy, making the country central to the transaction.
- International – The Palace Company is described as an international group, likely influencing the broader geographical strategy of the transaction.
Industry
- Hospitality – The Palace Company operates in the hospitality sector. This acquisition is part of their strategy to expand their luxury hotel offerings.
- Real Estate – The transaction involves the acquisition and redevelopment of a prime property in Rome, making it relevant to the real estate industry.
- Legal Services – Multiple law firms, including DLA Piper and Linklaters, provided legal advisory services for the transaction, highlighting the importance of legal services in M&A transactions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| The Palace Company | Buyer | Company | An international leader in the hospitality sector, acquiring a luxury property in Rome. |
| Comet Fund | Target Company | Company | Fund managed by Kryalos SGR, holding ownership of the Rome property. |
| Kryalos SGR | Selling Company | Company | Management firm of the Comet Fund, responsible for overseeing the transaction. |
| Bain Capital | Vendor | Company | The firm selling the prestigious Rome property to The Palace Company. |
| DLA Piper | Legal Advisor | Company | Provided legal advisory for The Palace Company in the acquisition process. |
| Di Tanno Associati | Legal Advisor | Company | Advised Kryalos SGR on contractual, regulatory, and governance aspects. |
| Linklaters | Legal Advisor | Company | Assisted Bain Capital with legal expertise for the transaction. |