IK Investment Partners’ IK VIII Fund has reached an agreement with Eurazeo PME and the management team to acquire a majority stake in Colisée Group, a specialist 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 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 EUR390 million.
”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,” says 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,” adds Dan Soudry, partner at IK.
