Context

Vivalto Vie acquired 100% of Solimar, a Valencia-based nursing home operator, marking the group's first international expansion outside France. The transaction was executed simultaneously with the closing of the Amundi PEF-led LBO of Vivalto Vie and represents the first building block of the group's Spanish platform, which targets a pipeline of approximately 1,000 additional beds through a combination of further acquisitions and greenfield development projects.

Target

Solimar is a Spanish nursing home operator based in the Valencia region, operating seven residential care establishments with approximately 930 beds. The group provides residential care services to elderly and dependent people in one of Spain's most populous regions. Solimar represents a well-established local operator in a highly fragmented Spanish nursing home market, which is characterised by strong structural growth dynamics driven by an ageing population and a development stage approximately ten years behind the French market in terms of private sector consolidation.