Gafisa seeks financing for Even deal

Gafisa seeks financing for Even deal

Corporate & Sovereign Strategy Debt Equity Funds M&A Brazil Latin America

Brazilian real estate developer Gafisa said Wednesday that it is looking to get BRL103 million ($19.4 million) in financing for the acquisition of the Hotel Fasano Itaim project and 32 studio apartments in São Paulo from Even Construtora e Incorporadora. São Paulo-based Gafisa closed the BRL310 million acquisition, putting up BRL152 million in cash and getting BRL55 million from investors, it said in a presentation. It paid BRL280 million for 80.4% of the hotel complex, which includes restaurant

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