Gilde Healthcare sells Stepping Stones to trade

Following its acquisition of 70% of France-based residential care provider Ages et Vie in 2018, Korian has reinforced its foothold in the small-sized senior living communities business segment via the Stepping Stones acquisition. Founded in 2003 and based in Paris, Korian generated revenues of €3.13bn in 2017, managing 803 facilities across five countries and employing 52 000 people. 

Stepping Stones intends to more than double its portfolio in the next four years based on the existing pipeline.

Previous funding
Gilde Healthcare Partners invested in the business in 2010 via the €63m Gilde Healthcare Services fund, closed on 2011. 

The investor's involvement with the firm originated when Stepping Stones noticed the launch of Gilde's new fund and contacted it about potential funding.

Company
Founded in 2006, Stepping Stones is a private operator of residential care, specialised in the care of residents with Alzheimer's disease and cognitive disorders.

The company manages small residential care villas adapted for patients suffering from Alzheimer's or cognitive disorders. Each resident has their own apartment, while common areas (living room, dining room, open kitchen as well as a garden) are accessible to everyone.

Based in Arnhem, the company currently operates a portfolio of 12 villas in the Netherlands, comprising 260 apartments. The business generated revenues of €13m in 2018.  

People
Stepping Stones – Christiaan Sap (founder, CEO).
Korian – Sophie Boissard (CEO).
Gilde Healthcare – Jasper van Gorp (managing partner).

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• Topics
• Exits
• Benelux
• Healthcare
• Netherlands
• Trade sale
• Gilde Buy Out Partners