Degroof Petercam participated in successful private placement for Care Property Invest

Degroof Petercam participates in 30,2 mio private placement

Monday, March 20, 2017 — On 15 March 2017, Care Property Invest, a Public Regulated Real Estate Company active in senior housing, announced the launch of a private placement through accelerated book building with the intention to sell 1,570,000 shares issued following a contribution in kind. On the same day the offering was successfully closed for a total amount of € 30.2m.

Degroof Petercam was able to generate substantial demand from long only funds and specialized investors, leading to an oversubscription at a price of € 19.25 per share, which implies a discount of 7.1% to the closing price prior to launch.

Degroof Petercam is extremely pleased with the success of this transaction, where it acted as Joint Global Coordinator and Joint Bookrunner in a syndicate comprising one other Belgian retail bank.

About Care Property Invest

Care Property Invest is a Public Regulated Real Estate Company active in senior housing. Care Property Invest helps healthcare entrepreneurs to undertake property projects by offering real estate tailored to the end user, that is both qualitative and socially responsible. The company applies its expertise and know-how to create affordable, good quality and attractive healthcare infrastructure and residential accommodation for the elderly and for people with a disability. 

About Bank Degroof Petercam Corporate Finance

Degroof Petercam Corporate Finance, 100% subsidiary of Bank Degroof Petercam, offers a full range of independent financial advisory services. The team of 70 professionals based in Brussels, Paris and Lyon, occupies a leading position on the Belgian & French market.

Alexandra Niehe Head of corporate communications
Thomas Van Rompuy Senior Executive Advisor - media relations, economics at Bank Degroof Petercam