Context

Colisée Group entered into a definitive agreement to acquire 100% of Armonea to create the fourth-largest elderly care operator in Europe. This transformative acquisition doubled Colisée’s size, resulting in a combined entity with a turnover of approximately €1 billion and a network of 270 facilities across five countries. The merger was strategically designed to capitalize on geographic complementarities, merging Colisée’s strong Mediterranean presence with Armonea’s market leadership in Northern Europe. The transaction allowed the founder’s holding company, Jade, to maintain its role as a key minority shareholder with a 19% stake in the newly enlarged group.

Target

Armonea stands as the leading independent provider of elderly care in Belgium, specializing in the management of nursing homes, service flats, and residential care centers. At the time of the transaction, the group maintained a robust European footprint with operations extending into Spain and Germany, supported by a workforce of approximately 6,500 employees. The organization was recognized for its high standards of clinical care and residential hospitality, serving over 17,500 residents across its specialized network.