CPPIB takes 15% interest in European long-term care services provider ORPEA
Canada Pension Plan Investment Board (CPPIB) has taken a 15% interest in ORPEA S.A., a Paris, France-based provider of skilled nursing, post-acute care, rehabilitation and psychiatric services. CPPIB acquired 7,952,718 shares from Dr. Jean-Claude Marian, founder and chairman of ORPEA, and from Santé Finance et Investissement, at a price of €40.34 per share, representing an investment of €320.8 million. CPPIB has also agreed to underwrite a primary share capital increase of up to €100 million to help accelerate the company's international growth program. Founded in 1989, ORPEA has a network of healthcare facilities across Europe.
11 December 2013•3 mins read
