Capzanine is selling its stake in Oui Care as part of a Sponsorless transaction arranged by the group’s founder, Guillaume Richard.
The origins of the Oui Care group date back to 1996 in Lille. It is now France’s market leader in personal and household services, providing house cleaning, childcare, adult day care, gardening and local concierge services at the homes of its 100,000 customers. Oui Care is underpinned by a network of over 400 agencies in France and in Spain. It employs 17,500 people and has been one of France’s main job creators in recent years, hiring 6,500 people in 2017.
Capzanine acquired its stake in Oui Care in January 2015 to accompany the management team in its Sponsorless operation, taking over from Evolem. For more than three years, Capzanine has been working with the management team, supporting the group’s build-up in France and its international expansion. During this period, the group’s sales have increased from EUR146 million to EUR257 million.
Bruno Bonnin, a Director of Capzanine, says: “We are proud to have been Oui Care’s leading financial partner. The group has become the top player in home services in France and in the space of just three years has grown its sales by 76 per cent, not only through the acquisitions of APEF in 2016 and Interdomicilio in 2017, but also through organic growth of over 20 per cent per annum. It is now a robust organisation enjoying excellent sales momentum.”
Richard, president of Oui Care, says: “Capzanine was not just an investor; for over three years the group was a true partner before all else. They stood by us through the hard times, challenging and pushing us where necessary, and guided us with their good advice whenever we asked.”
