EQT, through its EQT Infrastructure V fund, has entered exclusive negotiations to acquire a majority stake in Colisee owned by IK Investment Partners.

Established in 1976, Colisee is a leading operator of nursing home facilities and home care services for the elderly. The Company, which is headquartered in Paris, France, has developed a geographical footprint and operates 270 nursing homes as well as assisted living facilities and home care services agencies across France, Belgium, Spain, and Italy. Colisee employs more than 16,000 people and has a turnover exceeding EUR 1 billion (US$1.196 billion).

Colisee’s long-term development is supported by strong secular trends, such as an aging European population and an increased shift to privately managed elderly care. Colisee’s high focus on care and resident well-being is a key attraction in a sector where EQT Infrastructure has extensive experience.

Following the closing of the transaction, EQT Infrastructure will support the continued development of Colisee and its pursuit of new growth opportunities in current and new markets, drawing on EQT’s global footprint and an extensive network of advisors. Moreover, EQT will support Colisee in further developing the Company’s social responsibility and sustainability ambitions.

The investment in Colisee is in line with EQT’s thematic approach guided by the United Nations Sustainable Development Goals, specifically SDG 3, “Good health and well-being” and SDG 11, “Sustainable cities and communities”. 

The transaction is subject to the consultation process or information of the Employee Representative Bodies, as well as antitrust and potential foreign investment clearances.

With the acquisition of Colisee, EQT Infrastructure V will be 5-10 percent invested based on its target fund size. No decision has been made to-date regarding the termination of the commitment period of EQT Infrastructure IV and the first fee date of EQT Infrastructure V.