
PE-backed ViaSphere bolts on Family Sphere
France-based home help service ViaSphère, backed by several private equity firms, has acquired domestic peer Family Sphere, a private child care service.
The acquisition will help Family Sphere to manage up to 150 agencies in the next three years.
ViaSphère is backed by PE firms Siparex, Alliance Entreprendre, BPI France and Eurocapital, which supported an MBO transaction in 2017. The group's management, led by CEO Christian Lehr, secured a majority stake in the group.
A banking pool involving LCL, CIC, Crédit Agricole, Banque Populaire and Artemid provided a debt package to leverage the transaction.
The deal will allow Intermediate Capital Group (ICG) to exit the business – the investor acquired Viasphère (then Viadom) in 2014.
At the time of the deal, in 2017, Viasphère was targeting a €100m turnover within the next two years.
Company
Based in Paris and founded in 2006, Family Sphere operates a network of 108 agencies that provide home child care services.
People
Family Sphere – Mina Zanat (CEO).
ViaSphère – Christian Lehr (founder, president).
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