LBO France acquires Idéal Résidences
LBO France has acquired a majority stake in retirement homes operator Idéal Résidences from Edmond de Rothschild Investment Partners (EdRIP) and Alliance Entreprendre.
LBO France bought a 52% stake in the business through its Hexagone III fund, 49% of which was acquired from EdRIP's Winch Capital fund, while the remaining 3% was sold by Alliance Entreprendre's FIP Ecureuil 2 vehicle.
EdRIP led the owner buyout of three retirement homes in 2005 to create the Idéal Résidences group. Since then, the group doubled its size by acquiring the Medicotel group, thereby adding four facilities in the Paris region to its portfolio.
The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.
If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com
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