Groupe VINSIXMerchant Banking Advisory

Merchant Banking Advisory


Structuring and arrangement of corporate real estate financings, structured debt and bond issues.

3 244 M€Of transactions handled
314 696 m²Of floor area handled
+ 100 M€Of assets under advice (AUM)
5Countries of presence
100 %Confidential mandates

What we do

Our expertise

Groupe VINSIX acts as an independent adviser and arranger for professional investors, property companies and real estate operators. The Group structures financings, conducts the dialogue with the lending institutions and drives execution through to closing. Where the file warrants it, it also acts out of its own funds, subscribing to all or part of a bond issue it has arranged.


Structured debt


Senior, mezzanine and unitranche debt: file structuring, dialogue with the lending institutions and execution through to closing.

Bond issuance


Arrangement and private placement, structuring of security packages and bondholder liaison, where applicable on the Group's own account.

Balance-sheet advisory


Equity release, refinancing, share deals and mergers and acquisitions conducted for owner accounts.

Ancillary placements


Placements ancillary to the financings arranged, directed to leading partner depositary banks, with no discretionary mandate and no custody of funds.

Professional certification

Certification issued by the Société Française des Analystes Financiers under the AMF general regulation, attesting the knowledge required for market key functions: trading and clearing of financial instruments, post-trade operations, financial analysis and compliance.

Our philosophy

Growth Is Financed by Debt — Provided the Debt Is Properly Structured

That is the common thread running through every transaction. Properly structured debt does two things at once: it finances growth, and it protects the borrower when the cycle turns. The Group applies the same discipline whatever the country, the asset class and the amount.


01

Independence

The Group is tied to no lending institution. That independence allows it to select, file by file, the structure and the counterparty best suited to the transaction and to its horizon. Where the file warrants it, it subscribes itself, out of its own funds, to the bond issue it has arranged — whatever the size of the ticket.

02

Creativity and solutions

Every transaction calls for its own architecture. The Group knows the credit criteria of the institutions it approaches and works with each of them on the structure that fits its risk policy. A file does not reach closing because it was shown everywhere, but because it was shown to the right desk, in the right form.

03

File discipline

A complete, documented and consistent file from the first presentation. That is what separates a transaction financed in weeks from one that returns to committee for further information.

04

Structure before amount

Structure takes precedence over amount: maturity, amortisation, security and covenants must leave the borrower the headroom it needs for the whole life of the facility.

05

Confidentiality

All mandates are executed under non-disclosure agreement. No client, counterparty or asset name is disclosed without prior written consent.

06

Continuity

The relationship does not end at closing: refinancing, equity release, arbitrage and disposals are handled in continuity with the initial financing.

The founder

Leadership and Governance


Cyril P. Abensour

Cyril P. Abensour

Founder and Managing Partner of Groupe VINSIX

A law graduate of Université Paris X Nanterre. For four years he ran a SIIC — a listed real estate investment company — admitted to the Paris Stock Exchange, until its acquisition by a pan-European property fund.

He has worked with the listed property regime since its creation in 2003 and today advises the vehicles that fall under it from one country to the next: SIIC in France, SOCIMI in Spain, OPCI and REITs elsewhere.

He founded VINSIX in France in 2019, then established the Group's parent entity in Geneva before opening London, developing the Spanish market and initiating the Latin American axis. Building a presence on each market in turn is what allows him to put the same asset to a French, Swiss or British lender and to know, before sending it, which one will say yes.

The Group's French entity is registered with the ORIAS and has been accredited since 2019 with one of France's leading insurance and banking groups. He leads the Group's transactions in French, English and Spanish.

The Group's team

Cyril P. Abensour

Founder and Managing Partner

Asunción

Rodolfo Tunesi

Director

Geneva

Arthur Gabiano

Head of compliance

Geneva

Csaba Kallo

Back office and accounting

London

Georgi Petrov

Group logistics

Group-wide

Jenny Enriquez-Marquez

Group front office and Paraguay back office

Asunción

Gloria Sosa

LATAM desk

Asunción

Samuel Abensour

Chairman, VINSIX France

Paris

A word from the founder

Growth is financed by debt, provided that debt is properly structured. Well-designed debt does two things at once: it funds development, and it protects the borrower when the cycle turns. That is the common thread running through every transaction we handle.

A file is not judged on a rate, but on its architecture. When a structure does not find its lender, it usually means it has not yet found its form: another instrument, a different security package, another jurisdiction. Finding that form is the heart of our work, and the part of it I prefer.

What a principal expects from his adviser is simple: that he knows the file better than anyone else around the table, that he can say no when the structure does not hold, and that he is still there three years after closing. That is the only promise this Group makes, and it is kept transaction by transaction.

We are a deliberately compact house. Everyone knows the files; no one hides behind a department. That is what allows us to answer quickly, and to answer well.

Cyril P. Abensour, founder and Managing Partner

Governance and team

Alongside the founder, the Group's governance includes a director registered with the Geneva Commercial Register. The Group has around ten staff of its own across its locations, handling client coordination, reception, back office and the administrative follow-up of files. It also draws on some thirty indirect contributors — corporate lawyers, real estate valuers, banking correspondents and arrangers — mobilised file by file according to the jurisdiction and asset class concerned.

Our key figures

An activity measured by its track record

100Transactions
3 244 M€Volume handled
314 696 m²Floor area
10Countries

Volume by country

France — 1 774 M€ · 67Europe — 700 M€ · 3Spain — 240 M€ · 8United Kingdom — 210 M€ · 4Belgium — 108 M€ · 9Africa — 76 M€ · 3East Coast — 66 M€ · 1Luxembourg — 30 M€ · 2Switzerland — 22 M€ · 1Monaco — 16 M€ · 23 244 M€Volume handled
  • France1 774 M€55 %67
  • Europe700 M€22 %3
  • Spain240 M€7 %8
  • United Kingdom210 M€6 %4
  • Belgium108 M€3 %9
  • Africa76 M€2 %3
  • East Coast66 M€2 %1
  • Luxembourg30 M€1 %2
  • Switzerland22 M€1 %1
  • Monaco16 M€0 %2

Volume by asset class

Offices — 1 424 M€ · 31Hospitality — 652 M€ · 7Retail — 371 M€ · 11Residential — 332 M€ · 28Development — 239 M€ · 20Corporate debt — 225 M€ · 2Land and rural assets — 1 M€ · 13 244 M€Volume handled
  • Offices1 424 M€44 %31
  • Hospitality652 M€20 %7
  • Retail371 M€11 %11
  • Residential332 M€10 %28
  • Development239 M€7 %20
  • Corporate debt225 M€7 %2
  • Land and rural assets1 M€0 %1

By transaction size

  • > €100m1 332 M€6
  • €50 – 100m683 M€10
  • €25 – 50m705 M€21
  • €10 – 25m336 M€19
  • < €10m188 M€44

Floor area by asset class

  • Offices147 300 m²31
  • Development57 400 m²20
  • Residential40 474 m²28
  • Retail33 707 m²11
  • Hospitality29 600 m²7
  • Corporate debt6 200 m²2
  • Land and rural assets15 m²1

Non-exhaustive list. The portfolio below is a selection of one hundred representative transactions, drawn from all those completed by the Group. The figures above relate to that selection alone; the volumes actually handled are higher.

Our track record

Transaction portfolio

Transactions carried out by the Group's entities in acquisition structuring, financing structuring and bond issuance arrangement. Non-exhaustive list: only the most representative transactions are shown. Client names are not disclosed, addresses are not specified, and both floor areas and amounts are rounded.

The Blog

Financial analysis and credit markets


19 October 2026Inflation confirmed at 3.8%: an energy shock, a core at 2.5%, and long-term rates that refuse to come downOn 16 October Eurostat confirmed euro area inflation at 3.8% for September, twice the target, two days after a US reading of 3.7%. In both cases energy accounts for most of the rise and underlying inflation stays close to 2.5%. This two-speed inflation leaves the ECB, which meets on 29 October, and the Fed, on 28 October, facing the same dilemma. For property borrowers the real issue lies elsewhere: in long-term yields that are not coming down. Groupe VINSIX takes stock, with a worked example.Read the analysis →12 October 2026France's 5.40% usury cap: why households still borrow more cheaply than the state, and why that will not lastOn 9 October 2026 the French state was borrowing for ten years at 4.86%. On the same day a household could obtain a twenty-year mortgage at around 3.60%. A private individual is therefore funding 1.25 points below the Treasury: a rare situation, held in place only by shock absorbers that are wearing thin. Above it sits a legal ceiling, the usury rate, just set at 5.40% for the fourth quarter. Groupe VINSIX takes the mechanism apart, with the arithmetic.Read the analysis →5 October 2026Government debt per person: who owes the most, and what a 4.92% French 10-year yield means for real estate credit$113,348 for every American, $75,208 for every French resident, $42,686 for every Swiss: divided by population, sovereign debt is dizzying. Yet the figure measures scale, not solvency. Markets made the point on 1 October 2026, when France borrowed for ten years at 4.92%, more than Italy, which owes more per head. Groupe VINSIX sets out what the ranking says, what it leaves out, and how it ends up in the cost of a property loan.Read the analysis →

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Contact

Let's discuss your transaction

Write to us in a few lines: asset type, location, amount sought and timetable. We revert within two business days.

contact@groupevinsix.ch

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