June 9, 2017
Paris office represents PAI Partners in its pending negotiations to sell its majority stake in leading retirement and nursing home operator DomusVi group to Intermediate Capital Group and Yves Journel.
On June 8, Willkie client PAI Partners announced it had entered into exclusive negotiations with Intermediate Capital Group (ICG) and Sagesse Retraite Santé, an entity controlled by DomusVi founder Yves Journel, for the sale of a majority stake in the DomusVi group. Completion of the transaction is subject to consultation with DomusVi's Works Council and satisfactory clearance from relevant competition authorities.
With more than 28,000 employees, DomusVi is a leading provider of services to elderly people. It provides a full range of services to 42,000 residents and customers with 315 nursing homes, 16 residential facilities, 5 mental care facilities and 50 home care agencies throughout France, Spain and China.
With offices in Paris, London, Luxembourg, Madrid, Milan, Munich, New York and Stockholm, PAI Partners is a leading pan-European private equity firm that manages €8.3 billion of dedicated buyout funds. Willkie represented PAI in its 2014 acquisition of DomusVi and bolt on acquisitions of DomusVi Domicile and Gériatros in 2015 and SARquavitae earlier this year.
The Willkie team for the current transaction is led by partner Eduardo Fernandez and includes partner Paul Lombard, National Partner Faustine Viala, special European counsel Jeffrey Fouts and associates David Lambert and Marie Aubard.
