LeadCrest Capital Partners has acquired a €120m portfolio of 13 nursing homes from affiliates of elderly care home operator Emeis.
LeadCrest said acquisition of properties in the Paris metropolitan area and in French touristic and retirement hotspots, was funded by a mix of equity from its managed fund and debt from funds managed by Cheyne Capital.
Georges Asmar, portfolio manager at LeadCrest Capital Partners, said: “We are proud to support Emeis, a long-standing leader in the European care home market, and to further strengthen our presence in the resilient and essential healthcare sector.
“This transaction exemplifies our strategy of acquiring high-quality, mission-critical assets underpinned by strong operators and long-term, ESG-aligned value creation.”
Jean-Charles Prido, executive director, real estate, at Cheyne Capital, said: “We are proud to support LeadCrest Capital Partners in this strategic acquisition, which combines strong fundamentals, long-term income visibility, and a clear ESG roadmap.
“The French healthcare market continues to offer compelling opportunities, and this deal reflects our confidence in its resilience and growth potential.“
Géry Robert-Ambroix, head of real estate at Emeis, said: “Partnering with LeadCrest enables us to continue investing in our facilities, supporting the well-being of our residents while aligning with our sustainability roadmap.
“Together, we’re advancing a shared vision of high-quality, responsible care across Europe.”
To read the latest IPE Real Assets magazine click here.
