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DomusVi Group acquires advita, a German Specialist for elderly housing and integrated outpatient care
Frankfurt am Main, 15 July 2021. ACXIT Capital Partners acted as the exclusive M&A and financial advisor to DomusVi, an ICG portfolio company on the acquisition of advita and the successful entry into the German elderly care market.
Guided by its “Domus2025” Strategic Plan, whose launch was announced on 1st July, the DomusVi Group initiates a new growth and transformation cycle to meet the challenge of an ageing population and contribute to seniors’ well-being, especially by maintaining an active social life in a safe environment in Europe and Latin America.
This acquisition in Germany, submitted to the antitrust authorities for validation, ushers the DomusVi Group into one of the European countries most affected by the challenge of an ageing population and completes its geographic coverage of Northern Europe after moving into the Netherlands (December 2020) and Ireland (January 2021) over the past few months.
In line with the objectives of its “Domus2025 Strategic” Plan, advita represents, for the DomusVi Group, in addition to geographic expansion, an extension of its accommodations and services portfolio. Advita The DomusVi Group acquires one of the German housing specialists and integrated outpatient care for the elderly. His original ‘advita Haus’ concept offers, under one roof, various types of accommodations, daytime care services and a wide range of à la carte services and healthcare. These housing facilities enable seniors to live ‘at home’ while benefiting from a range of easily accessible social activities and services. Thanks to this concept, advita was voted “Operator of the Year” by the Altenheim-Expo in 2017.
Today, advita runs 41 of these houses in Germany and plans to open 51 more in the coming years, including 5 this year after launching operations in five new facilities over the first 6 months of 2021. The DomusVi Group will draw on the know-how of the current management team to execute this development plan and try to widen its scope. Mr. Faensen, long-time managing partner of advita, will retain a minority stake in advita alongside the DomusVi Group.
Peter Fischer, CEO of advita stated: “We are proud to join the DomusVi Group, a reference in the field of senior care and accommodations in Europe and Latin America. By leveraging the expertise and means of DomusVi, we will be able to accelerate our development, enabling as many Germans as possible to have an ‘advita Haus’ near them where they can grow old in an environment offering complete freedom and safety.”
Sylvain Rabuel, CEO of DomusVi Group added: “We firmly believe that the ‘advita Haus’ is a relevant concept, meeting the legitimate desire to grow old ‘at home’ while enjoying a wide range of easily accessible social activities, services and healthcare. We are delighted to be able to support the current management team in executing its development plan and benefiting from the expertise of Mr. Faensen, long-time general partner of advita, who remains minority shareholder at our sides. This acquisition is a major step in the implementation of our ‘Domus2025’ Strategic Plan”
The parties have agreed not to disclose the financial terms of the transaction.
Founded in 1993, advita was bought in 2004 by Dr. Faensen acting as managing partner. In the years that followed, advita expanded their offer to include a full range of senior living facilities and services including outpatient care, day hospitals and fullservice residences as well as assistance for patients needing intensive care or suffering from dementia. In addition to the ‘advita Haus’ which consists of living facilities to meet various needs and different services under one roof, advita has also developed the concept of an intensive care centre which combines the advantages of outpatient care for patients in intensive care needing ventilation with hospital-grade quality and safety. It has also anticipated current legal regulations related to extra-hospital intensive care. Today, advita manages 41 facilities and boasts 51 other homes under construction or waiting.
DomusVi, established in 1983, is among the leading providers of accommodation, assistance and care to people impaired due to age or illness present in 9 countries: France, Germany, Spain, Portugal, Ireland, the Netherlands and in Latin America with innovative services, habitats and therapies that preserve their quality of life and social relationships. With more than 425 nursing homes, more than 70 senior residential homes, psychiatric hospitals and centres for the disabled, and 80 home-care agencies, DomusVi provides a comprehensive range of quality services to its more than 70,000 customers in Europe and Latin America. DomusVi has over 40,000 employees worldwide in the service of the quality of life and satisfaction of its customers throughout the world, driven daily by our 5 values: the Group’s pioneering spirit, knowing how to take care of oneself, shared trust, the sense of others and the sincerity of emotions.
ACXIT Capital Partners is a leading international corporate finance and financial advisory firm for mid-market clients, and entrepreneurs in Europe and beyond. Since 1998, we offer our clients comprehensive corporate finance advisory services including M&A and capital markets advisory as well as debt and strategic advisory. As an independent, privately owned firm we maintain offices and representations in Frankfurt, Munich, Zurich, Hong Kong and New York as well as strong alliances in the UK and France. Our clients are corporations, family-owned businesses, entrepreneurs, financial sponsors and family offices.
Transaction Team ACXIT Capital Partners:
Thomas Klack, Managing Partner
Stefan Hampker, Executive Director
Daniel Rival, Associate
Enes Dursun, Analyst
ACXIT Capital Holding GmbH
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