ARDIAN takes majority stake in Dovida

Announced in July 2025, the definitive agreement entered into by Ardian to acquire a majority stake in Horizon Home Care Group AG, operating as Dovida, secures the entry of the private equity sponsor alongside founding and institutional shareholders. The buyout transaction orchestrates a share capital restructuring whereby the investor acquires majority control from previous majority owner and founder Paul Fritz, institutional asset manager Unigestion, and Swiss family office Verium. Operational continuity is anchored through a structured recapitalization: founder and Chief Executive Officer Paul Fritz continues to lead the organization and executes a significant rollover reinvestment alongside Verium to maintain substantial minority equity stakes. In parallel, Dovida's broader executive management team retains an equity holding in the company. Strategically, the entry of Ardian Expansion aims to finance the acceleration of the company's international expansion roadmap, capitalizing on structural demographic tailwinds and growing societal demand for independent living solutions for aging populations. The capital allocation plan will fund the organic opening of local service points across priority international corridors, scale technical infrastructure and internal training processes, and evaluate selective bolt-on acquisitions in complementary home assistance segments across European jurisdictions. The investment expands the sponsor's European healthcare services portfolio by supporting the internationalization of an asset-light care delivery model designed to ease capacity constraints on institutional inpatient facilities. Specific transaction metrics, equity tickets, and advisory appointments were not publicly disclosed by the participating parties.