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| Icade Santé announces new capital increase Icade Santé, Icade's subsidiary dedicated to investing in healthcare real estate, has announced a new €110m capital increase from four institutional investors to finance the acquisition of three clinics from the Clinipole Group for €52m, as well as eight other establishments by the end of the year. As a result of strengthening its equity, this will allow Icade Santé to grow while supporting its operator partners. Icade Santé, a leader in its industry, currently has 47 institutions valued at over €1.4bn, managed by seven operators. This new capital increase was subscribed to by the three institutional investors who participated in the opening of the share capital at the beginning of 2012 and by a new institutional investor, the Macif Group, through its OPCI (real estate mutual fund) created for this purpose. The success of this capital increase, plus the entry of a new shareholder, demonstrates investor confidence in the prospects and performance of Icade Santé, as well as in its team. As a result of this operation – to which Icade has contributed €45m, raising the capital increase to €155m – Icade holds 63% of its subsidiary's capital, thereby fully benefiting from Icade Santé's increased cash flow. Icade is a listed real estate company, a subsidiary of Caisse des Depôts: an investor, developer and service provider in private and public property. write your comments about the article :: © 2012 Construction News :: home page |