Global law firm White & Case LLP advised Crédit Agricole Assurances in the context of its participation to the opening of the share capital of Icade Santé.
Icade Santé, a subsidiary of Icade specialised in investment in healthcare real estate, has increased its share capital by €250 million with a reserved capital increase to three institutional investors led primarily by Crédit Agricole Assurances and BNP Paribas Cardif. Each insurer has invested its share of the funds through its own OPCI vehicle.
After the completion of the transaction, Icade holds 69% of the share capital of Icade Santé.
The Crédit Agricole Assurances Group handles all the Crédit Agricole Group's French and international insurance activities and comprises Predica for personal insurance, Pacifica for non-life insurance, CACI for creditor insurance, the international insurance subsidiaries, Caagis for IT management and services, and Spirica and LifeSide Patrimoine for life and savings insurance.
The White & Case team in Paris comprised Hugues Mathez, partner, David Monnier & Jean Paszkudski, associates, on corporate aspects; Franck Peter partner and Maroun Abinader, associate, on real estate aspects; and Emmanuelle Pontnau-Faure, Counsel, and Pascale Marescaux, associate, on tax aspects.
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