
Situation
A joint venture between a French interior design group and a Swiss billionaire, incorporated in Luxembourg, formed to acquire a hotel in Venice, Italy.
Industry
Real estate / hospitality investment
Company size
Newly incorporated JV, backed by two large private investors
The JV needed a banking partner able to support its holding activity in Luxembourg while facilitating transactions between shareholders in France and Monaco and the operating asset in Italy — with the hotel acquisition on a deadline.
The newly incorporated Luxembourg joint venture had been unable to find a suitable banking partner. Its high-profile shareholders and the flows between France, Monaco and Italy triggered enhanced due diligence at every institution approached. At the same time, the hotel acquisition was subject to a strict deadline, creating a material risk that the transaction would collapse if the banking infrastructure was not secured quickly.
Two Luxembourg banking relationships secured for the JV
Smooth, compliant flow of funds between France, Monaco and Italy
Operational banking infrastructure established for the JV’s ongoing hotel operations

