Allen & Overy advises Wren House on its acquisition of a majority stake in Almaviva Santé
30 July 2021
As part of the reorganisation of Almaviva Santé's capital structure, Bpifrance would invest to help finance the group's future growth and Yves Journel, a longstanding shareholder of Almaviva Santé, would reinvest in the company through SRS.
Created in 2007, Almaviva Santé has become a major national player with a strong foothold in the Paris region and in the south of France. The Group currently manages 41 private facilities (up from 28 in 2017), 4,000 beds, 250 operating and examination rooms, employs 5,100 people and partners with 1,800 private practitioners.
The acquisition of Antin's stake by Wren House Infrastructure, together with the investment by Bpifrance and SRS, will enable Almaviva Santé to continue this growth and development strategy to maintain and strengthen its leading position in the French private healthcare market. The Group expects to post revenues of more than EUR550 million in 2021.
Over the next five years, Almaviva Santé plans to invest a total of more than EUR500 million to support the development of its activities. These investments will enable the acquisition of new state-of-the-art equipment, the improvement of existing facilities and the creation of new jobs.
The transaction, which is subject to consultation with Almaviva's works councils and to obtaining the usual regulatory approvals, is expected to be completed by the end of the year.
Allen & Overy advised Wren House Infrastructure with a team led in Paris by Corporate partners Marc Castagnède and Romy Richter, supported by senior associate Flora Leon-Servière and associates Pauline Régnier and Jordan Amsellem.
The team also included partner Florence Ninane and associate Noémie Bomble on competition aspects, partner Claire Toumieux and associate Anaïta Massoumi on E&B aspects, Peerpoint consultant Marianne Delassaussé on IP aspects, partner Romaric Lazerges, counsel Luc Lamblin and associates Gabrielle Nivet and Charles-Hugo Lerebour on public law aspects, partner Jean-Dominique Casalta and associates Alix Pallier and Antoine Gueche on real estate aspects, partner Julien Roux and associate Chloé Detroussel on banking aspects, counsel Laurie-Anne Ancenys and associate Faustine Piechaud on IT/data protection aspects, as well as partner Guillaume Valois and counsel Charles del Valle on tax aspects.
BDGS Associés also advised Wren House Infrastructure on foreign investments issues with partners Antoine Gosset-Grainville and Mathilde Damon and associate Arthur Teboul.
Bichot & Associés advised Bpifrance with partner Nicolas Bichot and counsel Ali Afshar Saber.
Jeausserand Audouard advised the Group Management with partners Jérémie Jeausserand and Carole Degonse.
Orrick advised Antin Infrastructure Partners with partners Patrick Tardivy and Olivier Jouffroy and associate Lara Donnedieu de Vabres.
Weil, Gotshal & Manges advised SRS with partner Frédéric Cazals.