Eurazeo takes majority stake in Colisée

Eurazeo PME will take a 64% stake in the business following a €70m investment, with the company's founder Patrick Teycheney and incoming CEO Christine Jeandel holding the balance. The transaction is expected to close at the end of September.

Naxicap, which had provided Colisée with growth capital in 2010, will exit the business. The GP had invested €21.5m in exchange for a minority stake, according to unquote" data.

Eurazeo stated the investment was in line with its focus on long-term societal trends, in this case longer lifespans and the growing demand for care services for the elderly.

Last year, the GP acquired French medical and social healthcare provider Idéal Résidences from LBO France, securing a 54% stake.

Company
Founded in 1976, Colisée is a retirement homes operator based in Bordeaux. The group operates 57 homes catering to 4,000 residents and also comprises a branch dedicated to managing and developing its real estate assets.

Colisée generates €152m in revenues from its healthcare activities, with a further €38m from its real estate arm.

People
Emmanuel Laillier led the deal for Eurazeo.

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• Topics
• France
• Buyouts
• Healthcare
• Exits
• France
• Eurazeo
• Secondary buyout
• Naxicap