Canada Pension Plan Investment Board acquired 15.01% stake in ORPEA Société Anonyme from Jean-Claude Marian for approximately 320 million.
December 10, 2013 at 11:00 pm
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Canada Pension Plan Investment Board (CPPIB) acquired 15.01% stake in ORPEA Société Anonyme (ENXTPA:ORP) from Jean-Claude Marian and other shareholders for approximately 320 million on December 11, 2013. Canada Pension Plan Investment Board acquired 7.95 million shares in ORPEA at a price of 40.34 per share. Pursuant to the acquisition, Jean-Claude Marian will remain a key shareholder in ORPEA with an 8% stake and will continue in his role as Chairman of the Board. Concurrently, ORPEA is launching a 100 million capital increase without preferential subscription rights and CPPIB intends to participate in the private placement by placing an order in the book.
Alexis de Rosnay, Charles Andrez, Nicolas Royer, Pascal Pieters and Dimitri Prouvost of Canaccord Genuity Group Inc. acted as financial advisor and Sébastien Prat, Olivier Saba, Elsa Fraysse, Florence Ayissi, Jean-Damien Boulanger and Laurélie Cuetomasschelein of Bredin Prat & Associes acted as legal advisor to Jean-Claude Marian and ORPEA. Francois Kayat, Alexandre Benais, Pierre Pasqual, Adrien Wiart, Rafik Alili, Pierre Fayad, Pauline Lloret, Stephen Sands, Jacques Deege, Massoma Diomande and Thomas Pebay-Peyroula of Lazard Ltd. acted as financial advisors and Olivier de Vilmorin, Alexandre Merle, Mathieu Dublanc and Marion Julien of Sullivan & Cromwell LLP acted as legal advisor to CPPIB.
Canada Pension Plan Investment Board (CPPIB) completed the acquisition of 15.01% stake in ORPEA Société Anonyme (ENXTPA:ORP) from Jean-Claude Marian and other shareholders on December 11, 2013.
ORPEA is the European leader in global dependency care. The group operates retirement homes, follow-up care clinics, and psychiatric clinics. At the end of 2023, ORPEA had a network of 1,031 facilities (93,470 beds) located in France/Benelux/United Kingdom/Ireland (574 facilities; 45,431 beds), Central Europe (247; 24,316 beds), Eastern Europe (124; 12,764 beds), the Iberian Peninsula and Latin America (83; 10,394 beds), China (2; 154 beds) and the United Arab Emirates (1; 36 beds).
As of December 31st , 2023, the estimated value of the real estate portfolio was EUR 6.3 billion.
Net sales are distributed geographically as follows: France/Benelux/the United Kingdom/Ireland (58.4%), Central Europe (26%), Eastern Europe (9.9%), Iberian Peninsula and Latin America (5.5%) and other (0.2%).