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Allen & Overy advises Cheyne Capital on the financing to acquire the majority of Sereno Hotels

Allen & Overy has advised the global alternative asset manager, Cheyne Capital Management LLP, on the transaction to re-finance the acquisition of a majority stake in Sereno Hotels by an affiliate of KSL Capital Partners, a private equity firm specialising in travel and leisure enterprises. The financing is intended, among the other purposes, for property development.

Founded over 20 years ago by the Contreras family, Sereno is the owner-operator of the multi-award-winning ultra-luxury hotel Il Sereno located on the shores of Lake Como in Italy, as well as its sister resort Le Sereno on the island of St. Barthélemy.

The Allen & Overy team in France was coordinated by partner Caroline Delavet supported by senior associate Chloé Detroussel.

In Italy, the team was led by partner Pietro Scarfone supported by associate Fabio Gregoris and trainee Gianmarco Volino and also included counsel Elia Ferdinando Clarizia and associate Doris Ceoromila on tax-related matters, senior associate Roberta Errico on administrative law and real estate aspects, and counsel Antonio Ferri on corporate profiles.