KKR’s €100 Million sale of a portfolio of around 30 assets


Norton Rose Fulbright has advised KKR, one of the largest US investment funds in the world, on the sale of around 30 assets representing a surface area of just over 86,000m² – comprising offices and telephone centers, mainly occupied by the Orange group –, to private clients grouped into a “real estate club deal” by Eternam, the real estate subsidiary of the Cyrus group.

The transaction, completed on October 25, 2018, involved an amount in excess of EUR 100 Million.

KKR & Co. Inc., led by Henry Roberts Kravis, George R Roberts and Scott C Nuttall, manages investments such as private equity, energy, infrastructure, real estate, credit strategies, and hedge funds. In 2017, the company recorded $6 Billion Revenues.

LPA-CGR advised the buyer Eternam with Silke Nadolni, François Metz, Lanier Fleischmann-Caruso (Real Estate), Sandra Fernandes, Marie Boustany, Sarah Kesy (Tax), Alexae Fournier-de Faÿ and Anne-Charlotte Levallois (Banking & Finance).

Gide Loyrette Nouel advised KKR with Frédéric Nouel, Cléopha Thomann and Pierre Adrien Vibert.

Norton Rose Fulbright advised KKR with a team in Paris including Antoine Colonna d’Istria (Picture) and Chloë Mockel (Tax).

Cornet Vincent Ségurel advised the banks – Hélia Conseil, operating as a subsidiary of Caisses d’Epargne Bretagne Pays de Loire et Aquitaine Poitou-Charentes, groupe BPCE and Caisse d’Epargne Bretagne Pays de Loire – with a team including Matthieu Guignard and Angélique Mérienne.

Involved fees earner: Silke Nadolni – LPA-CGR avocats; François Metz – LPA-CGR avocats; Lanier Fleischmann-Caruso – LPA-CGR avocats; Sandra Fernandes – LPA-CGR avocats; Marie Boustany – LPA-CGR avocats; Sarah Kesy – LPA-CGR avocats; Alexae Fournier-de Faÿ – LPA-CGR avocats; Anne-Charlotte Levallois – LPA-CGR avocats; Matthieu Guignard – Cornet Vincent Ségurel; Angélique Mérienne – Cornet Vincent Ségurel; Antoine Colonna d’Istria – Norton Rose Fulbright; Chloë Mockel – Norton Rose Fulbright; Frédéric Nouel – Gide Loyrette Nouel; Cléopha Thomann – Gide Loyrette Nouel; Pierre-Adrien Vibert – Gide Loyrette Nouel;

Law Firms: LPA-CGR avocats; Cornet Vincent Ségurel; Norton Rose Fulbright; Gide Loyrette Nouel;

Clients: KKR; Eternam; Caisse d’Epargne et de Prévoyance Aquitaine Poitou-Charentes; Caisse d’Epargne et de Prévoyance Bretagne-Pays de Loire;