IK Investment Partners to acquire Colisée

IK Investment Partners (“IK”), a leading Pan-European private equity firm, is pleased to announce that the IK VIII Fund has reached an agreement with Eurazeo PME and the management team to acquire 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 the IK VIII Fund. 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 the elderly people. Building on our 6,700 employees, we remain committed 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 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.

Parties involved
IK Investment Partners – Dan Soudry, Remi Buttiaux, Diki Korniloff, Vincent Elriz, Guillaume Veber

Buyer
Financial advisor: Sycomore (Olivier Barret, Tristan Dupont), Clearwater (Laurent Camilli, Nicolas Saint-Pierre)

Seller
Financial advisor: Lazard (Isabelle Xoual, Francois Guichot-Perere)
Strategic DD: Roland Berger (Patrick Biecheler, Julien Gautier, Nick Hwang)
Financial DD: PwC (Martin Naquet-Radiguet, Sofia Bennis)
Legal advisor: Goodwin (Maxence Bloch, Pierre-Louis Sevegrand, Simon Sevran-Schreiber, Rémi Pages, Marie-Laure Bruneel, Frederic Guilloux)
Financing banks: BOI (Olivier Meary, Maxime Alban), CACIB (Thibery Gleizes, Francois de Montlivault), CIC (Brice Bourrely, Valerie Benquet, Arnaud Lecaudey), ING (Gregoire Villiaume, Bastien Lefevre)
Legal advisors Bank: Latham & Watkins (Xavier Farde)

For further questions, please contact:

Colisée
Agnès Gilbert
Phone: +33 1 70 38 25 54
a.gilbert@eudoxie-pr.com

IK Investment Partners
Dan Soudry, Partner
Phone: +33 1 44 43 06 60

Mikaela Hedborg
Director Communications & ESG
Phone: +44 77 87 573 566
mikaela.hedborg@ikinvest.com