Clearwater International France advises SRS on the acquisition of DomusVi

Clearwater International France has advised SRS on the acquisition of DomusVi, #3 European private operator of nursing homes.

ICG, a leading worldwide private equity firm, and SRS, Yves Journel’s investment vehicle have acquired a majority stake in DomusVi from PAI Partners and management. The financial terms of the transaction are not disclosed.

Created in the 1980s by Yves Journel, DomusVi is the #3 private player in elderly care in Europe with leading positions in France and in Spain. The Group is present in all areas of elderly care including Alzheimer and Parkinson units, home care and also operates mental care units in Spain. DomusVi operates 334 facilities for an average number of 29,829 beds. In the proposed deal, ICG would hold a majority stake alongside SRS, an investment vehicle controlled by Yves Journel, who would re-invest in the new capital structure.

The Clearwater International team in charge of the deal and composed of Laurent Camilli, Managing Partner, Nicolas Saint-Pierre, Director, Aubert Simonnot, Associate Director, and Valentin Cassan, Senior Analyst, has advised SRS on this transaction.

“We are very pleased to have advised DomusVi’s founder, Yves Journel, on this new transaction. Since its creation, DomusVi has continually developed itself towards becoming a major player in France. In fact, recently DomusVi has become the leading player in Spain. We are convinced that under the leadership of Yves Journel and ICG, the group will carry on its ambitious growth.”

Laurent Camilli, Managing Partner, Clearwater International