Tikehau Capital Announces the Planned Sale of Its Stake in Asten Santé
May 04 2017 - 2:30AM
Business Wire
Regulatory News:
Tikehau Capital (Paris:TKO) announces the planned sale of its
stake in Asten Santé to the La Poste Group.
Tikehau Capital and the other shareholders of Asten Santé are in
exclusive negotiations with La Poste Group, for the sale of a
majority stake in Asten Santé, one of the French leaders in home
healthcare services. The transaction is subject to approval by the
French anti-trust authorities.
Tikehau Capital had invested a total of circa EUR 28.5 million
in Asten Santé in April 2014 and in April 2016 (via Salvepar)
alongside the venture capital group Gemmes Venture and pioneer
associations providing care for chronic illnesses. Tikehau Capital
currently holds a 21% stake. Following the divestment of its stake,
which will also terminatethe group’s agreements with the other
shareholders, the sale will generate a pre-tax capital gain of
approximately EUR 16 millions for Tikehau Capital before
transaction fees.
Asten Santé is an innovative healthcare group and a leading
player in the home healthcare services sector which is actively
developing new business lines, particularly in the telehealth
segment with H2AD.
Founded in 2013 by associations, which have been pioneers in
providing care for chronic illnesses over the past 50 years, and by
the venture capital group Gemmes Venture, Asten Santé is present in
nine French regions through a network of six entities: Air à
Domicile (Grand Est), Aliséo (Brittany, Centre Val de Loire and
Pays de la Loire), ADIR Assistance (Normandy), DDS Assistance
(Burgundy and Franche-Comté), SADIR Assistance (Occitanie and
Nouvelle-Aquitaine) and S2A Santé (Ile de France). The Asten Santé
group generates sales of EUR 100 million, employs 750 staff and
provides homecare for 62,000 patients.
Tikehau Capital M&A advisors: Natixis Partners (Ludovic
Tron, David Feiner), Neuflize OBC (Geoffroy Catrice, Jean-Baptiste
Pavard)
Tikehau Capital legal advisor: Gate Avocats (Julien Augais,
Timothée Giard)
Vendor due diligence: Ernst&Young (Jean-François Nadaud,
Guilhem de Montmarin)
About Tikehau Capital
Tikehau Capital is an asset management and investment group
which manages approximately €10bn of assets, with shareholders’
equity of €1.5bn. The group invests in various asset classes
(private debt, real-estate, private equity and liquid strategies),
including through its asset management subsidiary Tikehau IM, on
behalf of institutional and private investors. Controlled by its
managers, alongside leading institutional partners, Tikehau Capital
employs 170 staff in its Paris, Milan, Brussels, London and
Singapore offices.
Tikehau Capital is listed on Euronext Paris, compartment A (ISIN
code: FR0013230612; Ticker: TKO.FP)
www.tikehaucapital.com
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version on businesswire.com: http://www.businesswire.com/news/home/20170503006630/en/
Press Contacts :Tikehau
Capital : +33 1 40 06 18 40Julien Sanson -
jsanson@tikehaucapital.comorImage 7 : + 44 781 864 18 03Leslie Jung
- ljung@image7.uk.com
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