With this acquisition, Korian plans to strengthen its platform in Spain by expanding the offering of Seniors, a Spanish company acquired in early 2019.

Korian employs 53,000 staff, operates 850 facilities and generated a 14% EBITDA margin from revenues of €3.3bn in 2018.

Corpfin acquired a 98% stake in Grupo 5 in June 2017 via its Corpfin Capital Fund IV. The vehicle targets buyout and growth-capital opportunities in Spanish companies with EBITDA of more than €5m and an enterprise value of €25-200m.

Company
Founded in 1988, Grupo 5 operates a network of 130 mental health, neurologic rehabilitation and elderly care clinics located across Spain – in Madrid, Andalusia, Extremadura, Asturias, Valencia, the Canary Islands and the Balearic Islands – and in Chile. The company employs 2,100 staff and generated revenues of €67m in 2018. The six facilities sold by Grupo 5 are located in Mallorca and serve 700 residents.

People
Corpfin Capital – Patrick Gandarias (director).
Grupo 5 – Guillermo Bell (CEO).
Korian Group – Sophie Boissard (CEO).

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• Topics
• Exits
• Southern Europe
• Healthcare
• Corpfin Capital
• Spain
• Partial sale