Capzanine said March 8 it was selling its stake in Oui Care as part of a sponsorless transaction arranged by the group’s founder, Guillaume Richard. Capzanine acquired its stake in Oui Care in January 2015. Oui Care, of Paris, provides personal and household services.
Capzanine sells its stake in Oui Care, France’s leading provider of personal and household services (O2 care services, Apef, France Présence, La Conciergerie O2and Interdomicilio brands)
Paris, 8 March 2018
Capzanine, a European independent private investment management company, is selling its stake in Oui Care as part of a Sponsorless transaction arranged by the group’s founder, Guillaume Richard.
The origins of the Oui Care group date back to 1996 in Lille. It is now France’s market leader in personal and household services, providing house cleaning, childcare, adult day care, gardening and local concierge services at the homes of its 100,000 customers. OuiCare is underpinned by a network of over 400 agencies in France and in Spain. It employs 17,500 people and has been one of France’s main job creators in recent years, hiring 6,500 people in 2017.
Capzanine acquired its stake in Oui Care in January 2015 to accompany the management team in its Sponsorless operation, taking over from Evolem. For more than three years, Capzanine has been working with the management team, supporting the group’s build-up in France and its international expansion. During this period, the group’s sales have increased from €146 million to €257 million.
According to Bruno Bonnin, a Director of Capzanine: “We are proud to have been Oui Care’s leading financial partner. The group has become the top player in home services in France and in the space of just three years has grown its sales by 76%, not only through the acquisitions of APEF in 2016 and Interdomicilio in 2017, but also through organic growth of over 20% per annum. It is now a robust organisation enjoying excellent sales momentum.”
According to Guillaume Richard, the president and founder of OuiCare: “Capzanine was not just an investor; for over three years the group was a true partner before all else. They stood by us through the hard times, challenging and pushing us where necessary, and guided us with their good advice whenever we asked.”
Founded in 2004, Capzanine is a European independent private investment management fund. Capzanine supports businesses in their quest for growth, providing financial and industrial expertise to help them achieve success in their development and transfer phases. Capzanine delivers flexible long-term financing solutions to SMEs and mid-cap companies. Depending on the circumstances, Capzanine invests as a majority or minority shareholder and/or as a private debt provider (mezzanine, unitranche, senior debt), in unlisted small and mid-cap companies with an enterprise value of 30 million to 400 million euros. Although broad-based, Capzanine more particularly supports strong value-creating companies in the healthcare, technology, food and services sectors. Based in Paris and run by its partners, Capzanine currently has €2.5 billion in assets under management. Its most recent investments include: Recommerce, MBA, Monviso…