As reference investor, Carvest and Cerae (Caisse d'Epargne Rhône Alpes Entreprises) acquire a stake in Patriarca Développement, a national player in commercial real estate. This operation enables the management team to retain the majority of the capital, while integrating new executives as shareholders. Aquasourça and Bpifrance, who supported the management in the two previous transactions, are reinvesting.