DOMIDEP acquired by I SQUARED CAPITAL, UI INVESTISSEMENT & BNP PARIBAS DEVELOPPEMENT
Context
I-Squared Capital entered into a binding agreement to acquire a majority stake in Domidep from its founder and a consortium of minority financial investors (UI Gestion, BNP Paribas Developpement, Bpifrance, and Carvest). This acquisition serves as a cornerstone for the acquirer's European healthcare strategy, with a focus on institutionalizing the group's operations and funding further international expansion into markets such as Germany and Belgium. The deal was supported by a significant senior secured term loan of over EUR400 million, along with equity injections from the new sponsor.
DOMIDEP, which reported an EBITDA margin of in 2019, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Healthcare & Pharma sector (15.6x).
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Target
Founded in 1989, Domidep is the fifth-largest private operator of elderly care homes in France. Headquartered in L'Isle-d'Abeau, the group manages a network of approximately 100 specialized facilities, providing residential care, medical assistance, and dependency services to nearly 7,000 residents. The company stands out as a "pure player" in the French long-term care market, emphasizing local culture by allowing each residence to maintain its own unique name rather than a corporate brand.
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REFERENCES
Valuation range: EV 1b - 4b EUR
Revenue range: 250M - 500M EUR
EBITDA range: 50M - 100M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Acquirer: i squared capital / ui investissement / bnp paribas developpement