Antin Infrastructure Partners enters into exclusive negotiations with the Korian group for the sale of Inicea, France's third largest group of psychiatric clinics2 October 2020
Antin Infrastructure Partners has entered into exclusive negotiations with the Korian group, Europe's leading care and support group for the elderly and vulnerable, with a view towards selling Inicea.
Founded in 2010 and employing nearly 1,100 people, Inicea is the largest independent French operator in the private psychiatry sector with a portfolio of 19 establishments. With a high-quality offering of full inpatient hospitalisation and a pioneering role in outpatient psychiatric care, Inicea has expanded considerably in recent years to meet the needs of a fast-growing sector with proven infrastructure characteristics.
Angelika Schöchlin, Senior Partner Antin Infrastructure Partners, stated: "We are proud to have supported Inicea in its development over the last four years by enabling it to increase the number of facilities from 10 to 19 through the creation of six day hospitals and the acquisition of 3 clinics. Inicea has been able to develop the quality of patient care by carrying out an ambitious investment program in its real estate portfolio and, more particularly, through extension and renovation projects. We are convinced that the merger with Korian will enable the group to further accelerate this development in the private psychiatry market. "
For his part, Pierre Forest, Chief Executive Officer of Inicea, commented: "We are convinced that, with the help and expertise of Korian's teams, we will enter a new phase in our development by implementing an ambitious and innovative project in response to the growing needs in the treatment of mental illness. We would like to warmly thank Antin Infrastructure Partners for their continued support over the last few years, which has enabled us to become a recognised player in the field of mental health in France.
Antin was advised by CASE Corporate Finance (M&A), Paul Hastings (Legal), Deloitte (financial) and CBRE (real estate).
Antin Infrastructure Partners
About Antin Infrastructure Partners
Antin Infrastructure Partners is a leading independent private equity firm focused on infrastructure investments. Based in Paris, London and New York, and fully owned by its 14 partners, the firm employs over 100 professionals. Antin targets majority stakes in infrastructure businesses in the energy and environment, telecom, transport and social infrastructure sectors. The firm has raised close to €15 billion across four funds and has made investments in 24 companies.