IK Investment Partners to sell Colisée to EQT
IK Investment Partners' (IK) IK VIII Fund has entered into exclusive negotiations to sell Colisée Group (Colisée), a European care provider, to the EQT Infrastructure V Fund (EQT Infrastructure). Financial terms of the transaction have not been disclosed.
Colisée is a leading provider of nursing homes and homecare services for the elderly. The Company operates nearly 270 care facilities across France, Belgium, Spain and Italy. Since partnering with IK in 2017, Colisée has significantly grown its footprint, expanding its presence in Spain and entering the Belgian market with the acquisition of Armonea in 2019. It is now the 4th largest elderly care operator in Europe with nearly 25,000 residents and 16,000 employees.
Christine Jeandel, CEO of Colisée, says: “We are extremely grateful to IK Investment Partners. Our ambitious project and commitment to patient-centred care has undoubtedly benefitted from their relentless support. Their approach was clearly in line with our company’s core values and we are thankful for their partnership.”
Dan Soudry, Partner at IK and adviser to the IK VIII Fund, says: “We are proud and delighted to have partnered with such an outstanding management team, led by Christine Jeandel. Under her stewardship and during the period of IK’s active ownership, Colisée has nearly tripled in size to become a Pan-European leader in the nursing home and homecare services sector with an uncompromising focus on quality of care provided to its residents. We wish them the very best as they embark on their next chapter of growth.”