Herbert Smith Freehills Paris advises ICADE on the sale of 36 Mr Bricolage stores to Tikehau capital for €126M
Herbert Smith Freehills Paris has recently advised Icade, a listed French real estate investment company and subsidiary of the Caisse des Dépôts, on the sale of a portfolio of "Mr. Bricolage" stores, after a call for proposals from investors, via the sale of Icade's entire stake in the company "Icade Bricolage" to the Tikehau Capital group.
This portfolio, mostly acquired by Icade in early 2008, comprises 36 assets located throughout France. The transaction was carried out based on a value of 126.2 million euros excluding duties.