CACIB advised Brookfield on the sale of Livensa Living and led Acquisition Financing for Canada Pension Plan Investments (Nido Living)

CACIB is honoured and proud to have acted as sell-side M&A Advisor and Sole Bookrunner on the Acquisition Financing to our clients Brookfield and CPP Investments in the much anticipated €1.2bn sale of Livensa Living, #1 student accommodation platform in Iberia, which is one of the largest Real Estate transactions in Europe in 2025. Project Graduation is an illustrative example of CACIB’s global skills and leadership in the real estate sector, demonstrating our capacity to provide added value to strategic clients in complex transactions with a multi-product approach. The strong collective effort led by Sector Head across Coverage and Business Lines as well as CACIB Senior Management involvement was key to the successful execution of this highly demanding transaction executed in 5 months.

Franck Genet

Global Head of Real Estate and Lodging Group

The Livensa transaction is another good example of what real estate sector people in the Bank can achieve working together. This follows strong efforts from Sector Head, Coverage, GIB and REL to push on advisory amplification, targeting the large situations with our key clients in each real estate asset class. As existing lender to Livensa and M&A advisor to Brookfield, we were in a unique position to arrange the financing to CPP Investment and deliver, as sole Bank, multiple products. This deal helps us to elevate our positioning and dialogue with clients and puts us in a good place to replicate within our strong real estate franchise!

Guillermo Bergareche

Head of Real Estate and Lodging Group Iberia

This landmark transaction​ is one of the most prominent deals in the European real estate sector in 2025. It underscores both CACIB know-how in structuring complex M&A transactions and its expertise in the student housing sector. A key highlight is the collective effort (Senior Management, Sector Head, Coverage, GIB and REL) that led to various high quality on-site pitches in London and resulted in our first ever sell-side M&A assignment with Brookfield.

Jean-Philippe Favre

Head of GIB EMEA

This landmark student housing deal, between two of our top Canadian clients in the very competitive Spanish IB market, showed the strong teamwork at CACIB across geographies. Delivering a sell-side solution for Brookfield Real Estate, one of the most demanding RE investors globally, required precise coordination across product teams, Brookfield PCO and Real Estate Senior Banker in Europe, Stephane Bailly. Many months of deal anticipation, pitching and lobbying key stakeholders at the highest levels delivered this attractive M&A role, our first for Brookfield. In parallel, CACIB positioned early with CPPIB to structure & underwrite the sizeable EUR 715m debt package that was tailor-made by our Real Estate specialist teams, led by Regis Aubert and Guillermo Bergareche. This deal contributes to changing the perception of what CACIB delivers for Canadian clients and will lead to other successes, both in Iberia and beyond.

Chris Marschall

Senior Banker, Canada