Phitrust Partenaires Inclusion SAS joins the capital of Homes4All S.r.l. Benefit Company B Corp and subscribes to a participatory financial instrument (SFP) of €450,000.

Phitrust Partenaires Inclusion SAS, a new investment company launched with an anchor investment from the European Investment Fund (EIF) through InvestEU funds and Phitrust Partenaires, a pioneer in impact investing, and Homes4All S.r.l. Benefit Company B Corp, a company dedicated to managing and designing innovative housing models like dispersed social housing with a special focus on those in housing emergencies, are pleased to announce the successful completion of an important deal that will strengthen and expand Homes4All’s activities. Phitrust Partenaires Inclusion SAS has subscribed and paid for a capital share that entitles it to appoint Cyrille LANGENDORFF as a Board Member and has also subscribed and paid for a Participatory Certificate (SFP) of €450,000.

For over 16 years, Phitrust Partenaires SAS has been supporting businesses that, through innovative and impactful proposals, address the needs of future generations. Phitrust chooses to “invest to act and contribute to the growth of companies that integrate human development and environmental protection into the core of their strategy.” With the launch of Phitrust Partenaires Inclusion and in line with its investment thesis, the company has seen in Homes4All an opportunity to create positive changes in community well-being while ensuring a fair financial return. Phitrust has also recognized Homes4All’s potential to scale its model nationwide.

Through the participatory financial instrument provided by Phitrust, Homes4All has introduced the “Quota G,” which grants the holder various property and administrative rights as provided by law, along with some special rights, including the right to appoint a member of the Board of Directors, distribution rights, withdrawal rights, and pre-emption rights.

Cyrille LANGENDORFF, Chief Investment Officer of Phitrust Partenaires Inclusion SAS, states: “Our company has chosen to invest in Homes4All to enable it to implement innovative housing solutions. Phitrust has already invested in social housing projects in France and sees opportunities to exchange expertise and best practices.”

Giorgio MOSCI, President of Homes4All S.r.l. Benefit Company B Corp, commented: “On behalf of the company, I express great satisfaction with this financial transaction, which allows us to consider ourselves, in all respects, a structured company with development objectives consistent with our original mission. Achieving this milestone was made possible with the help of some partners, and we would like to thank the Fondazione Ufficio Pio and Sefea Impact SGR in particular for their assistance in coordinating with legal counsel in drafting the agreement.”

“An important milestone that consolidates our extensive network of partnerships and alliances,” adds Mario MONTALCINI, CEO of the company. “Phitrust is indeed an international partner, recognized for its seriousness within the European Union, and the ‘Phitrust Inclusion Fund’ has the European Union among its funders. Our partners are important because they believe, with seriousness and commitment, in impact entrepreneurship and have decided to bet on Home4All and the challenge it has launched in addressing housing issues with a private-sector approach and the ability to collaborate and co-design with the non-profit sector and public entities.”

Notary Andrea GANELLI of Leading Law handled the notarial aspects of the transaction, and Attorney Nicola CARÙ of RP Legal & Tax provided legal assistance to Phitrust for the contract closing.

Turin, September 2023

For more information:

Phitrust
Stéphanie de Beaumont
Deputy General Director
stephanie.debeaumont@phitrust.com
+33 1 55 35 32 65

Homes4All
Mario Montalcini
Vice President and CEO
m.montalcini@homes4all.it
+39 347 4971188

Homes4All
Homes4All is an innovative startup and B Corp benefit company with a high social impact, reducing the housing emergency by promoting urban regeneration through its network of private investors sensitive to sustainability principles. Its activities involve acquiring, renovating, and managing socially oriented properties from the pool of non-performing assets within both the city of Turin and nationwide. In this way, it creates an ecosystem where needy families find dignified and affordable housing while investors make ethical and profitable investments. Homes4All directly intervenes in the territory, focusing on specific areas of the city with high potential for redevelopment, thereby activating urban regeneration and social innovation processes.

Phitrust
Phitrust, a management company founded in 2003, invests to make a difference. Phitrust invests in large listed companies to promote change in their ESG practices (Phitrust Active Investors) and in innovative social enterprises to provide them with the financial and human resources they need to expand and leverage their impact (Phitrust Partenaires). Two activities, one mission: to be an engaged shareholder in impact. Phitrust is a member of the community of mission-driven companies.

Phitrust Partenaires
Phitrust Partenaires, a pioneering social impact investment company in France, was launched in 2006, followed by Phitrust Partenaires Europe in 2016 and Phitrust Partenaires Inclusion in 2023. As a patient venture capital fund, it invests in over 30 innovative social enterprises that place inclusion at the heart of their business model (LemonTri, La Varappe, Les Alchimistes, Alenvi, BeCode, Sea Ranger, etc.). Phitrust Partenaires combines funding and support from investors and a unique network of executives, past and present, involved in capital, governance, and project monitoring. By mobilizing private and institutional investors in France, Italy, Spain, Portugal, and Belgium for innovative, committed, and inclusive entrepreneurial projects, Phitrust seeks to create a network of experts and committed investors around entrepreneurs who will accompany them over the long term to multiply their impact on society.