Overview
Work History
Education
Skills
Timeline
Generic

SERGIO TARANTO

Milan

Overview

21
21
years of professional experience

Work History

Executive Director

Kryalos
Milan
03.2018 - Current
  • Fund Management
  • Directly involved in the fund and asset management process of the real estate investments held through Italian regulated funds managed by Kryalos’s fund management company for total assets under management of more than €800m
  • Most relevant transactions: executing value-add business plans of 6 mixed-use buildings (office and high street retail) located in Milan, Rome and Florence and 1 logistics assets located in Verona, managing single-asset disposals (core, value-add) and assisted with the financing of a diverse asset portfolio (core, value-add) for a total value of over €200m
  • Key duties and responsibilities: assisting with financial projections of the asset’s capex plan (total combined costs of over €100m), executing lease-up strategies (signed leases for a total combined value of over €10m), managing single-asset disposal (over 40 assets sold to date for a total transactions value of over €400m), preparing fund’s regulations periodic reports, liaise with the unitholders and assisting with negotiation and execution of the financing agreements and debt maintanance
  • Actively involved in the acquisition of 2 value-add office buildings located in Milan and Rome (total transaction value of €100m), a retail assets portfolio located throughout North Italy (total transaction value of €45m) and a data center located in Milan (total transaction value of €20m)
  • Key duties and responsibilities: assisting with underwriting of the properties, coordinating and manage third-party advisors during the due diligence process, negotiating and executing of the SPAs and producing all necessary material for internal approval memos.

Director, Head, Asset

Hines
Milan
06.2016 - 12.2017
  • Responsible for the asset management process of the real estate investments held through Italian regulated funds and SPVs for total assets under management of more than €800m
  • Most relevant transactions: executing value-add business plans of 3 mixed use buildings (office and high street retail) located in Milan CBD and lease re-gearing of a five star hotel in Florence
  • Key duties and responsibilities: de-leasing of existing tenants (over 10 agreements executed for a total transactions value more than €3m), assisting with financial projections of the asset’s capex plan (total combined costs of over €25m), executing lease- up strategy (signed leases for a total combined value of over €10m), coordinating and manage third party advisors/service providers and assisting with debt maintenance
  • Actively involved in the sourcing and acquisition of a value-add office building in Milan CBD (total transaction value of €50m); participated in the acquisition of a value-add mixed use (office, high street retail) building in Milan CBD (total transaction value of €100m) and a core office building in Milan (total transaction value of €220m)
  • Key duties and responsibilities: assisting with underwriting of the properties, producing all necessary material for internal approval memos, debt negotiation, negotiation and execution of the SPAs and set-up of the newly established investment vehicles.

Transaction Manager

Savills Investment Management
Milan
09.2014 - 06.2016
  • Directly involved in the acquisition of single-asset and portfolio acquisitions through Italian regulated funds managed by the
  • Savills’s fund management company
  • Most relevant transactions: office asset portfolios composed respectively of 5 and 6 assets located throughout Italy and fully let to Italian public entities (total combined value of over €400m); a value-add office building in Milan CBD (total combined value of over €40m); a multi-tenant core office building in Milan outskirts (total transaction value of €40m)
  • Key duties and responsibilities: underwriting of the properties, producing pricing/economic model/business plan, coordinating and manage third-party advisors during the due diligence process, producing all necessary material for internal approval memos and assisting with debt negotiation, acquisition contract and set-up of the newly established real estate funds
  • Actively involved in the structuring and arrangement of a sale & lease back transaction with one of the leading Italian food retailers on 100 properties spread all over Italy (total transaction value of over €450m)
  • Key duties and responsibilities: underwriting of the properties, producing pricing/economic model/business plan, assisting with all necessary material for internal approval memos, equity and debt sourcing
  • Day-to-day scouting of investment opportunities in Italy ranging from core single asset to opportunistic asset portfolio for various existing and prospective investment mandates and separate accounts.

Vice President

Deutsche Bank, ex RREEF
Milan
09.2010 - 09.2014
  • Acquisitions & Asset Management
  • Direct involved in the origination and underwriting of real estate opportunities (single asset or diverse real estate portfolio based) to provide equity and/or mezzanine financing for a total value of over €2.0b
  • Most relevant transactions: forward purchase of a pre-let office development in Milan (total transaction value of €80m); JV equity investment with a developer of a retail asset portfolio located in Northern Italy (total completion value €400m); JV equity investment with a financial institution of a mixed-use assets’ portfolio in Milan CBD (total completion value €180m)
  • Key duties and responsibilities: deals sourcing, developing relationships with partners/vendors, underwriting of the properties, producing all the economic modelling, assisting with all necessary material for internal approval memos, coordinating and manage third-party advisors during due diligence process, debt sourcing
  • Actively involved in the day-to-day asset management of investments held through real estate investment funds and SPVs for a total value of over €1.5b
  • Most relevant transactions: executed strategic business plan/ exit route of 4 mixed-use buildings (office and logistics) including lease re-gear/lease-up, compelling refurbishment projects and disposals (total combined value of €110m); full refurbishment projects in Rome and Florence including lease re-gears/lease-up, assisting with debt restructuring and break-up sale (total completion value €150m); executed the full lease-up of a logistics warehouse in Piacenza (total transaction value €30m).

Investment Manager

Babcock&Brown - Real Estate
Milan
12.2007 - 09.2010
  • Directly involved in the underwriting of several urban regeneration projects in Rome and Milan
  • Most relevant transactions: mixed-use development project in Rome, three residential developments in Milan and three mixed-use development projects in Milan northern periphery (total combined completion value of more than €2.0b)
  • Key duties and responsibilities: producing economic/pricing models and strategic business plans, assisting with all necessary material for internal approval memos, sourcing and arrangement of transaction equity, debt funding and deal execution
  • Actively involved in the day-to-day asset management of real estate investments held through regulated funds managed by
  • B&B's fund management company and SPVs for a total value of more than €250m
  • Most relevant transactions: executed strategic business plan/ exit route of three residential development projects in Milan including granting building permits and implementing sale strategies (total completion value €200m).

Risk Underwriter

General Electric - GE Capital
Milan
04.2005 - 12.2007
  • Key responsibilities within the acquisition transaction process of real estate investment opportunities, including direct & indirect acquisitions of single asset or diverse real estate portfolio based (office, retail, logistics, industrial, hotel) ranging from €40m up to over €1b
  • Responsibilities include producing internal approval memos, pricing/economic models and strategic business plans, coordinating and manage third-party advisors during the due diligence process, assisting with initial screening of investment opportunities
  • Participated in the acquisition of 2 NPLs portfolios with a GBV of respectively €1.7b from Unicredit (Nov ‘05) and €965m from Antonveneta/ABN Amro (Dec ‘06)
  • Responsibilities: underwriting of the largest real estate properties underlying the
  • NPLs portfolios, assisting with the pricing/economic model, coordinating and manage third-party advisors during the due diligence process.

REAL ESTATE

GE CAPITAL
Redwood
05.2007 - 09.2007
  • 130m JV acquisition with Lehman Brothers of 22 retail assets located in North of Italy and mainly let to Uniero
  • Responsibilities: internal approval memos, economic/pricing models, advisors’ coordination, strategic business plans and support on deal structuring.

Galeno
01.2007 - 05.2007
  • 300m equity investment of a mixed-use asset portfolio located throughout Italy; GE took part in the auction process
  • Responsibilities: internal approval memos, economic/pricing models and strategic business plans.

Medici Rome
Milan
09.2006 - 12.2006
  • M equity investment of 4-asset office portfolio in Rome and Milan
  • Responsibilities: internal approval memos, economic/pricing models, advisors’ coordination, strategic business plans and support on deal structuring.

Primavera
Rome
03.2006 - 06.2006
  • 70m equity investment of shopping centre in Rome from Aareal Bank
  • Responsibilities: internal approval memos, economic/pricing models and advisors’ coordination.

Quasar
01.2006 - 02.2006
  • 1.1b spin-off of a commercial-residential portfolio (68 assets) from a pension fund (“Comit”); GE took part in the auction process
  • Responsibilities: internal approval memos, economic/pricing models, advisors’ coordination, strategic business plans and support on deal structuring.

Zeus Italy
05.2005 - 07.2005
  • Equity investment in a qualified minority stake of a €3.3b office fund (“FIP”), sponsored by Italian Treasury; GE took part in the auction process
  • Responsibilities: internal approval memos, economic/pricing models and strategic business plans.

Analyst

Lehman Brothers - Global Real Estate Group
Milan
10.2002 - 03.2005
  • Worked as analyst on several projects to provide senior and/or mezzanine financing and/or equity
  • Most relevant transactions include: three JVs where we provided equity and mezzanine financing to pursue three Residential Portfolios (from €165m to €300m) for break-up; €225m senior acquisition loan for an office portfolio
  • Other initiatives include on-going financing/refinancing ventures of institutional residential and mixed-use portfolios with divestiture strategies, residential development joint ventures with entrepreneurial sponsors, smaller single-asset and portfolio acquisitions and break-ups with local prominent players
  • Responsibilities included: all necessary material for internal commitment committees, quantitative analysis, pricing models and strategic business plans and coordinating and manage third-party advisors during the due diligence process
  • Participated in the competitive bid for the acquisition of a NPLs portfolio with a GBV of €3.0b from Intesa (July ‘05)
  • Responsibilities: underwriting of the largest real estate properties underlying the NPLs portfolio, assisting with the pricing/economic model, coordinating and manage third-party advisors during the due diligence process.

LEHMAN BROTHERS, Venice
09.2004 - 02.2005
  • Equity/mezzanine facility to purchase a €117m mixed-use portfolio sold & partially leased back by Sanpaolo IMI., comprising 9 buildings plus 594 units spread across Italy
  • Key responsibilities: quantitative analysis, modelling, advisors’ coordination, producing internal commitment committee memo.

Genova Genova
09.2004 - 02.2005
  • Acquisition from Generali of 3 centrally located assets in Genoa CBD, with projected disposition proceeds of more than €55m
  • Key responsibilities: pricing model, advisors’ coordination, underwriting and internal commitment committee memo.

03.2004 - 02.2005
  • 272m JV acquisition (LB, Pirelli RE and Generali) of 36properties from Generali
  • Responsibilities: pricing the portfolio, quantitative analysis, advisors’ coordination, internal memo preparation.

Esedra Milan
Rome
10.2003 - 02.2005
  • Equity investment through a single-purpose JV with Pirelli RE and Risanamento in a back-to-back transaction, consisting of the acquisition of a mixed-use property in Milan, immediately sold to Generali Properties in exchange of a simultaneous transfer of a residential compound in Rome (total value of €90m)
  • Responsible for the quantitative analysis and pricing.

05.2003 - 02.2005
  • Continuum Italy €158m JV acquisition with Generali of 43 mixed-use properties
  • Responsibilities: valuation, quantitative analysis, modelling and pricing of the entire portfolio, coordination of real estate appraisers
  • Post-acquisition followed sale process.

Colonia
08.2003 - 02.2004
  • Bridge loan and acquisition of 100% equity shares (50/50 with Risanamento) of 40 superstores and 5 development sites mainly located in the north of Italy
  • Responsibilities: valuation, quantitative analysis, modelling, key-role in the sell-side due-diligence process.

Initium Milan
Rome
10.2002 - 12.2003
  • 320m JV acquisition with Generali of 38 mixed-use properties
  • Responsibilities: quantitative analysis, advisors’ coordination
  • Post- acquisition followed sale process.

Star
12.2002 - 03.2003
  • 225m senior loan facility to assist the Carlyle Group in the acquisition of an office portfolio auctioned by the Italian Treasury
  • Responsible for the quantitative analysis and pricing.

CNR
Milan
03.2002 - 07.2002
  • Collaborated on research project about cross ownership and ties between groups of companies in the Italian industrial sector.

Education

Master's degree - Management Engineering

Politecnico di Milano
July 2002

Skills

  • Computer Skills
  • Microsoft Office

Timeline

Executive Director

Kryalos
03.2018 - Current

Director, Head, Asset

Hines
06.2016 - 12.2017

Transaction Manager

Savills Investment Management
09.2014 - 06.2016

Vice President

Deutsche Bank, ex RREEF
09.2010 - 09.2014

Investment Manager

Babcock&Brown - Real Estate
12.2007 - 09.2010

REAL ESTATE

GE CAPITAL
05.2007 - 09.2007

Galeno
01.2007 - 05.2007

Medici Rome
09.2006 - 12.2006

Primavera
03.2006 - 06.2006

Quasar
01.2006 - 02.2006

Zeus Italy
05.2005 - 07.2005

Risk Underwriter

General Electric - GE Capital
04.2005 - 12.2007

LEHMAN BROTHERS, Venice
09.2004 - 02.2005

Genova Genova
09.2004 - 02.2005

03.2004 - 02.2005

Esedra Milan
10.2003 - 02.2005

Colonia
08.2003 - 02.2004

05.2003 - 02.2005

Star
12.2002 - 03.2003

Analyst

Lehman Brothers - Global Real Estate Group
10.2002 - 03.2005

Initium Milan
10.2002 - 12.2003

CNR
03.2002 - 07.2002

Master's degree - Management Engineering

Politecnico di Milano

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