22 June 2020
Deals | France | Mergers & Acquisitions
Gide has advised Vitalliance, French leader in home help and care services, as part of exclusive negotiations with ISAI Expansion with a view to acquiring a minority stake in Vitalliance alongside the founders, long-standing shareholders and the executive team, who will increase its existing shareholding within the company.
The purpose of the transaction is to speed up the development of the Vitalliance.
The founding concept behind Vitalliance is that loss of physical or mental independence need not rhyme with loss of a good quality of life at home. This year, the company will post a turnover of around EUR 80 million, with an average 15 to 20% growth rate year-on-year.
The Gide team advising Vitalliance comprised partner David-James Sebag, counsel Paul Jourdan-Nayrac, and associate Julien Negroni on M&A / Corporate aspects, and partner Eric Cartier-Millon, associates Guillaume Pichat and Margaux Allilaire on financing aspects. Gide also advised the executive team, with partner Jean-François Louit, counsel Vincenzo Feldmann, associate François Bossé-Cohic and counsel Brian Martin on tax aspects.