SOCIETEX CORPORATE FINANCE advises Residsocial group in the issuance of a first € 2m bond tranche fully subscribed by the Amundi Finance & Solidarité fund

SOCIETEX CORPORATE FINANCE advises Residsocial group – a leading player specialized in emergency accommodation in Ile-de-France – in the issuance of a first € 2m bond tranche fully subscribed by the Amundi Finance & Solidarité fund.
Founded in 2014, Residservice (a subsidiary of Residsocial) acquires often dilapidated hotels in the city center of Ile-de-France and renovates them into emergency housing establishments (E.H.P.S.U), with, when the configuration allows it, the creation of common living spaces: reception, common kitchen, laundry.
The residences are daily managed by a “Resid Manager” who, by his presence on the site, participates in a better integration of the families; he can also make the link with local associations that offer complementary services.