Eight Advisory played a key role in advising Icade, a major player in the French real estate market, on the sale of the majority of its shares in Icade Santé to Primonial and Sogecap.

Primonial and Sogecap, two major players in the asset management sector in France, have acquired the majority of Icade’s stake in Icade Santé. This transaction strengthens their position in the fast-growing healthcare market. The remainder of the shares held by Icade will be sold by 2025.

“We are pleased and proud to have assisted Icade’s management in this important 2023 real estate transaction,” said Philippe Méjean, Partner at Eight Advisory.

The Eight Advisory team consisted of Philippe Méjean and Pierre-François Geronimi.