Vivalto Vie, a French retirement home operator, has acquired Vivalto Home, a Belgian retirement home firm, along with the della Faille family. In the acquisition, Vivalto Home’s shares are reportedly valued at just under 200 million euros. On Saturday, De Tijd and L’Echo write about this.
Because they were formed by the same people, French entrepreneurs Daniel Caille and Guillaume Raoux, Vivalto Home and Vivalto Vie have the same name. The Belgian Vivalto Home was also kept above the baptismal font by the late Benoît della Faille. The Belgian corporation, on the other hand, was not under the authority of the French conglomerate. The shares were distributed to a huge number of people.
The other partners have now been bought out by Vivalto Vie and the della Faille family. The Vivalto Vie family now has a minority stake in the company, while Vivalto Vie is the dominant stakeholder.
“This transaction was anticipated under the shareholders’ agreement reached at the time by the various parties. As a result, there’s nothing surprising about it,” said Nicolas Petrovic, Vivalto Home’s CEO. “Nothing will change operationally.”
Player of a Medium Level
The deal would value the Belgian nursing home operator’s shares at just under 200 million euros. It was closed just as industry colleague Orpea’s reputation was tarnished owing to allegations of maltreatment in his senior homes. Rothschild, an investment bank, was in charge of overseeing the transaction.
In the Belgian nursing home market, Vivalto Home is a medium-sized private operator. Since 2009, the Brussels group has operated 32 nursing homes in Flanders, Brussels, and Wallonia, with a combined capacity of about 3,200 beds.