Paul Hastings, a leading global law firm, announced today that the firm, advised Medica France, an owner and provider of retirement and nursing homes in France and Italy, in connection with the completion of the sale/lease-back of 15 retirement facilities worth €131 million ($175 million) over 12 years. A banking consortium led by Natixis Lease purchased the portfolio of retirement facilities, which provide beds for 1,100 elderly persons. Terms of the transaction allow Medica France to retain an option for repurchasing the assets.
Real Estate partner David Lacaze and associate Isabelle Augais-Mariani led the Paul Hastings team. Medica France was also assisted by civil law notary Marc Friedrich.
