LNA Santé: a LBO for the elderly

Abstract

Begun operating in 1992 and today is ready to be bought and to grow massively in the upcoming years. LNA Santé, the fifth French player in the long-term care market, will be acquired in 2019 in a Private Equity deal and will improve its operations in Europe. This deal is expected to return 3.1x the money invested by the fund and an internal rate of return of almost 26% with an exit in five years (2023). This successful exit is possible due to an ageing population that is set to in crease demand for dependent care which is reflected in the number of nursing home beds forecasted to double. By the time of exit, the firm will amount €828M of revenues and €94M of EBITD Astreaming from consolidation of operations in the current operating countries– France and Belgium–andaninternationalizationbetintheNetherlands.ItispresumedthatthispaperwillinformhowadealinPrivateEquityinthelong-termcaremarketinEuropeisconducted

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