April 27th, 2017
We are pleased to confirm that on April 27th, 2017, IK Investment Partners (“IK”), a leading Pan-European private equity firm, has reached an agreement with Eurazeo PME and the management team to acquire through IK VIII Fund a majority stake in Colisée Group (“Colisée”), a leading player in the elderly care segment in France. The management team as well as the founder will reinvest alongside IK. Financial terms of the transaction are not disclosed and completion of the transaction is subject to regulatory approvals.
Colisée is a leading provider of nursing home and homecare services. With more than 90 nursing home facilities and 70 home care services agencies, the Group has developed a geographical footprint across France, Italy, Spain, and more recently in China. Colisée employs approximately 6,700 people and has a turnover exceeding 390 million euros.
“We are very pleased to welcome IK Investment Partners as our new majority shareholder. Supported by the founding family as well as our existing financing banks, we will pursue alongside IK our acquisition strategy through selective buy-and-build as well as the development of innovative services for the elderly people. Building on our 6,700 employees, we remain committed to implementing a responsible and respectful group providing best-in-class daily care to our residents, patients, homecare beneficiaries and their relatives”, said Christine Jeandel, CEO of Colisée.
“We have been very impressed by Colisée’s long and successful heritage within elderly care as well as its growth track record demonstrated over the past years. Led by an experienced management team, Colisée has been able to build solid market positions while having an uncompromising focus on quality. We are delighted to have the opportunity to support Colisée and its management team in their growth strategy both organic and through selected add-on acquisitions in France and across Europe”, added Dan Soudry, Partner at IK.
In the context of the transaction, Sycomore Corporate Finance acted as financial advisor to IK Investment Partners.
The Sycomore transaction team comprised Olivier Barret, Tristan Dupont, Aurélien Singer and Geoffrey Garcia.