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FRANCE - Médica France sold by Bridgepoint to BC Partners

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BC Partners has agreed to acquire Médica France, one of the country's largest nursing home groups, for EUR 750m. BC Partners alongside AXA Private Equity have backed the management of Médica allowing Bridgepoint and AlpInvest to exit having held the company since 2003 when they bought it for EUR 330m. The secondary buyout follows Bridgepoint's running of a dual-track process with recent stock market jitters ruling out an IPO.

In 2005, Médica generated revenues of EUR 272m, up 17% on last year. Over 21,000 people were accommodated at the group’s 103 centres in 2005 (92 in France and 11 in Italy). Médica employs more than 4,000 people.
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