Global law firm White & Case LLP has advised Euronext Paris-listed emeis on the creation of Isemia, a company dedicated to healthcare real estate assets in Europe operated by emeis with its partners Farallon Capital and TwentyTwo Real Estate.
As part of the transaction, emeis received €761 million from its partners, representing 62 percent of the last appraised value of the assets held by the vehicle, thereby immediately reducing emeis’ net debt by a like amount.
Isemia, whose portfolio comprises 68 assets with a value of €1.22 billion, will be exclusively controled by emeis, which will continue to manage the real estate assets and will therefore be fully consolidated.
The White & Case team which advised on the transaction was led by partners Saam Golshani, Jean-Guillaume Meunier and Séverin Robillard (all Paris) and included partners Alexandre Ippolito, Alexandre Jaurett, Samir Berlat, Jérémie Marthan (all Paris) and Thomas Glauden (Luxembourg & Brussels), local partner Ana Calvo (Madrid), counsel Sarah Kouchad (Paris) and associates Adrien Ahmadi Kermanshahani, Théo Leclère, Kenza Tsouli, Matthieu Shamloo, Claire Sardet, Cécilia Grosjean, Anna Nijaradzé, Rafael Galvez, Rahel Wendebourg (all Paris) and Thomas Rousset (Luxembourg). New Paris-based partners Antoine Mercier, Sarah Fleury and Romain Guénin advised on the transaction while at their previous firm.
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Read the orginal article: https://www.whitecase.com/news/press-release/white-case-advises-emeis-creation-european-healthcare-real-estate-company-isemia
