The transaction, valued at approximately €120 million, was financed through a mix of equity contributed by funds managed by LeadCrest and senior debt provided by funds managed by Cheyne Capital. The assets will continue to be operated by emeis under a long-term lease, with an ESG investment program focusing on modernization, energy efficiency, and resident well-being.
This transaction, partly financed by Cheyne Capital, is in line with LeadCrest’s strategy of building a pan-European portfolio of mission-critical operating assets in sectors such as health care, retail, logistics and education, underpinned by secure rental income and partnerships with leading operators.
The Reed Smith team advising LeadCrest Capital Partners comprised:
- Tax: Jean-Pierre Collet, Benoît Bernard (partners), Alice Pothet-Zevaco (associate) and Nathalie Le Forsonney (corporate / funds counsel)
- Finance and fund formation: Baptiste Gelpi (partner) and Emmanuelle Dumont (associate)
- Real estate: Carole Steimlé (partner) and Hugo Collantier (associate)
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