Colisée, a nursing home specialist in France and Italy backed by private equity firm IK Investment Partners, has announced the purchase of Spanish peer STS Grup.
STS Grup is the owner of six facilities representing approximately 600 beds in Catalonia. The financial terms of the transaction were not disclosed.
Colisée has added a total of 24 facilities since welcoming the IK VIII Fund, advised by IK Investment Partners, as majority shareholder in June 2017.
In a bid to increase its financial capabilities to pursue buy-and-build opportunites in Europe, Colisée has also tapped the debt markets and raised a new term loan of €120 mln.
It currently owns over 114 nursing home facilities and 70 home care services agencies in France, Italy and Spain.