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New Deal


Announced

Completed

Primonial REIM completed the acquisition of a 64% stake in Icade Sante from Icade for €1.4bn.

Financials

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Transaction Value£1,237m
Consideration TypeCash
Capital Owned-
Capital Bid For64%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Private

Single Bidder

Majority

Acquisition

Friendly

Real Estate Holding and Development

France

real estate investment

Completed

Synopsis

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Primonial REIM, a European real estate asset management firm, completed the acquisition of a 64% stake in Icade Sante, the property investment division of Icade, a multinational real estate investment trust, for €1.4bn. The substantial cash generated by this transaction would also help Icade to fortify its balance sheet and seize potential growth opportunities.

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