Quadriga sells Dorea Familie

The GP made the divestment from Quadriga Capital Private Equity Fund IV, a €529.1m buyout fund that held a final close in February 2013.

Axel Hoelzer, CEO of Dorea, will continue to lead the management team and remain a minority shareholder.

Quadriga supported 23 bolt-on acquisitions for the company during the holding period, leading to the creation of a group that operates 58 care facilities, with 5,500 beds, 4,100 employees and projected 2018 sales of €200m.

Maisons de Famille is backed by Creadev, the strategic and long-term investment arm of the Mulliez family. Maisons de Famille operates 84 care facilities in France, Italy and Spain, with a total of 10,950 beds.

Company
Dorea is a care and retirement home operator founded as a consolidation play by Quadriga and the management team in 2015.

People
Quadriga Capital – Alexander Friedrich (partner).
Maisons de Famille – Philippe Tapie (CEO).
Dorea Familie – Axel Hoelzer (CEO).

Advisers
Vendor – Alantra (corporate finance); EY (financial due diligence); Immotiss (commercial due diligence).
Acquirer – Melcofin (corporate finance); Fieldfisher (legal); KPMG (financial due diligence).

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• Topics
• Exits
• DACH
• Healthcare
• Germany
• Quadriga Capital