Alantra advised Residalya on the sale and leaseback of 14 nursing homes to Icade Santé



Value €189 million

Mar 2018
Sale and leaseback
Value €189 million

Alantra advised Residalya, a subsidiary of Ackermans & van Haaren, the tenth private commercial operator of nursing homes in France with 34 facilities and over 2,650 beds on the sale and leaseback of 14 assets to Icade Santé for a total value of €189m.

The assets, all new or recent, represent nearly 1,300 beds and are located in New Aquitaine, Hauts-de-France, Auvergne-Rhone-Alpes and Provence-Alpes Cote d’Azur. Residalya will remain the nursing homes operator after transaction. Closing of the transaction should take place in July 2018 after the lifting of conditions precedent.

This transaction confirms Alantra’s development in the Real Estate sector, combining this expertise with other verticals, especially healthcare.

Alantra recently advised leading nursing home players throughout Europe, including among others: Colisée, #4 French nursing home player, on its LBO III with IK Investment Partners (France), Orpea on the acquisition of Ibor Lopez group (Spain), nursing home group Dorea on its refinancing (Germany), Gruppo Garofalo on the acquisition of nursing home group FIDES (Italy), Maisons de famille on the acquisition of AMMA -one of the Spanish retirement homes leaders- (Spain), the CEO of Groupe Philogéris for its OBO with the support of EdRIP (France), LNA Santé on the acquisition of HAD Caux Maritime (France), Colisée on the acquisition of Dolcea -24 nursing homes- from GDP Vendôme (France).

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