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DomusVi, the third largest nursing home operator in Europe with 355 sites and more than 33,000 beds, was acquired by ICG Europe VI in July 2017 with co-investment by ICG Enterprise.
|Date of investment||July 2017|
|Portfolio||High conviction (co-investment)|
In July 2017 ICG Enterprise invested in DomusVi (“Domus”) both directly and through its commitment to ICG Europe VI.
Domus is the largest nursing home operator in Spain, the third largest in France, and with 355 sites and over 33,000 beds it is now the third largest in Europe. The company offers a full range of services for the elderly, including medical nursing homes, traditional nursing homes, residential services and home-care services.
Domus has delivered strong financial performance with further organic growth underpinned by favourable demographic and economic trends. The company has also demonstrated its ability to successfully execute significant acquisitions, creating a solid platform for continued expansion across the fragmented European market. Further, high levels of regulation and the capital intensity of the nursing home industry create effective barriers to entry.
ICG is a highly experienced investor in the sector with previous investments in France, Germany, Sweden and Finland. Additionally, ICG has supported Domus for almost 15 years, having first invested in the company in 2003, whilst ICG Enterprise had previously invested in Domus through its commitment to PAI Europe VI, from which ICG acquired the company.
For more information visit DomusVi's website.