Sale of Adenior to Groupe Destia
Largillière Finance advises Adenior, the multi-service home care provider, on its sale to Groupe Destia.
Adenior is positioning itself to pursue its growth by joining Groupe Destia, a specialist in supporting vulnerable populations, backed by several investment funds including Azulis Capital.
Founded in 2006 in Lille by Emilie Croxo and Grégory Bouillon, Adenior is a network of franchises specializing in personal services with a strong presence in the Hauts-de-France region. Initially dedicated to home care for dependent people, the network has become a multi-specialist player (childcare, home maintenance, etc.). In 2020, Adenior, which has 24 branches and a turnover of more than €10 million, was ranked the best multi-service homecare company in France by Capital magazine.
In a context of sustained growth, which continued during the health crisis, Adenior’s shareholder managers entrusted Largillière Finance with the task of finding a strategic partner.
The efficient process implemented by Largillière Finance enabled several quality offers to be obtained and that of the Destia Group was selected by Adenior’s shareholder managers.
The transaction consists of the sale of 100% of Adenior and allows Groupe Destia to strengthen its presence in the Hauts-de-France region. Emilie Croxo and Grégory Bouillon will join Groupe Destia and will remain in charge of the operational management of Adenior.
About Adenior
Founded in 2006, Adenior is a multiservice home help company specializing in services for the elderly and dependent persons, home maintenance and childcare. Adenior has 24 agencies mainly located in the Hauts-de-France and Ile de France regions, nearly 3,000 beneficiaries and nearly 700 employees. In 2020, the network achieved a turnover of more than 10 M€.
About Destia
The Destia Group was born from the merger of the Sous Mon Toit Group and Avidom in 2015. It specializes in home care for vulnerable people, childcare and cleaning services. The Group is present throughout France with more than a hundred locations and has more than 14,000 beneficiaries and 5,500 employees. It is supported by several investment funds, including Azulis Capital.
2021
Largillière Finance Experts
- Paul Bougnoux
- Shamir Razavhoussen
Counterpart
Our affiliation with the Destia Group is a real development opportunity for our network and our franchisees. We are very excited to join Xavier Mura’s team and to continue the adventure that has been driving us since our creation. During the entire process of the operation, Largillière Finance has been a trusted partner at every stage. Their professionalism, involvement and expertise in Human Services were the key ingredients for the success of this great operation.
Grégory Bouillon
Founder and CEO of Adenior
We are very pleased to have supported Adenior’s shareholder managers from start to finish in their capital project. This merger will strengthen the network’s resources in its development and confirms Largillière Finance’s strong expertise in the personal services sector.
Shamir Razavhoussen
Associate Director at Largillière Finance
Largillière Finance, the independent M&A advisor for growth companies
Largillière Finance is one of the leading small and mid-cap M&A advisory firms serving growth companies. As an independent group, it advises entrepreneurs, family-owned businesses, investment funds and large corporates on mergers and acquisitions (disposals, acquisitions, carve-outs/spin-offs and capital raisings) as well as financing transactions.
With the recent acquisition of Cairn Partners, a specialist in complex situations and distressed M&A, the Group has broadened its expertise and further strengthened its advisory platform.
With more than 60 professionals organised across ten sector verticals and over 550 transactions completed, the Largillière Finance Group is present in Paris, in the regions (Bordeaux, Lyon, Nantes) and in Geneva.
As the exclusive French member of the global REACH Cross-Border M&A network, which brings together more than 400 investment bankers across 30 countries, the Group also supports its clients on international transactions.
