(CercleFinance.com) – Mercialys announces the signing of a firm agreement for the acquisition of the portfolio management company (SGP) Imocom Partners, presented as ‘French leader in the Retail Parks segment’.
It is expected that from 2023, the shareholders of Imocom Partners will sell 30% of the capital to Mercialys for a price of 7 ME.
The remaining 70% will be acquired by Mercialys in the first half of 2025 at the end of an intermediate period during which the current managers will support the development of the company.
The price of this second tranche will be adjusted according to the performance of the SGP and the underlying fund. Each of these two stages is subject to prior authorization from the Financial Markets Authority (AMF).
Imocom Partners manages OPPCI ImocomPark, a fund which holds a portfolio of 33 retail parks in France with a total rental area of more than 385,000 m2, rented to nearly 400 tenants. The fund’s assets represent a value of €670 million including duties and generate €40 million in annual rents.