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Activity :
Healthcare

Customer :
Adenior

Acquirer :
Groupe Destia

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Advice :
Shamir Razavhoussen

About Largillière Finance

With offices in Paris, Brussels and Geneva, Largillière Finance is an independent investment bank dedicated to assisting managers and shareholders of small and medium-sized companies with their capital transactions: company sales and acquisitions, financing (capital and/or debt), financial engineering (valuation, etc.) and financial strategy.

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Sales - 2021

Sale of Adenior to Destia Group

Adenior secures what it needs to continue its growth by joining Groupe Destia, a company specialising in helping vulnerable people, supported by several investment funds including Azulis Capital

Founded in 2006 in Lille by Emilie Croxo and Grégory Bouillon, Adenior is a network of specialist personal services franchises with a strong foothold in the Hauts-de-France region. Initially focused on home help for dependent individuals, the network has become a specialist offering multiple services (childcare, household cleaning services, etc.). Adenior has 24 branches and reports overall turnover exceeding €10 million. In 2020 it was ranked the best multiple home services brand in France by the magazine Capital.

Against a backdrop of sustained and steady growth during the pandemic, the managing shareholders of Adenior asked Largillière Finance to locate a strategic partner.

The efficient process put in place by Largillière Finance pinpointed several high-quality offers, and Groupe Destia was chosen by Adenior’s managing shareholders.

The operation involved a 100% sale of Adenior, allowing Groupe Destia to consolidate its presence in Hauts-de-France. Emilie Croxo and Grégory Bouillon join Groupe Destia and retain operational leadership of Adenior.

About Adenior

Founded in 2006, Adenior is a multi-services home help brand specialising in services for elderly and dependent people, household cleaning services and childcare. Adenior has 24 branches primarily located in Hauts-de-France and Ile-de-France, approximately 3,000 beneficiaries and around 700 employees. In 2020, the network reported turnover of over €10 million.

About Destia

Groupe Destia was formed following the merger of Groupe Sous Mon Toit and Avidom in 2015. It specialises in assisting vulnerable people at home, childcare and household cleaning services. The group has over one hundred locations across France. It has over 14,000 beneficiaries and more than 5,500 employees. It is supported by several investment funds, including Azulis Capital.

Stakeholders:

Target: Adenior Emilie Croxo, Grégory Bouillon, Christophe Léger, Lionel Toulemonde
Buyer: Destia
Target M&A Advice: Largillière Finance Paul Bougnoux, Shamir Razavhoussen
Target Corporate Counsel: Euraconseil Bertrand Decaudin

Grégory Bouillon, Managing Founder of Adenior:

“Joining Groupe Destia is a genuine opportunity to develop our network and franchises. We are very excited to join Xavier Mura’s team and continue this wonderful adventure. Throughout the process, Largillière Finance was a partner we could trust at every stage. Its professionalism, commitment and expertise in Personal Services were crucial to ensure this exciting transaction was a success”

 Shamir Razavhoussen, Largillière Finance Director:

“We are very happy to have supported Adenior’s managing shareholders with their equity transaction from end to end. This alliance will consolidate the network’s development and underlines Largillière Finance’s expertise in the personal services sector. ”

With more than 20 employees, a strong international presence and nearly 30 operations in 2020, Largillière Finance is ranked as the leading small cap investment bank in France:

2021 – Fusions & Acquisitions – Opérations Small Cap – Banque d’affaires – France 2021 – Capital investissement – Opérations LBO Small Cap – Banque d’affaires – France Silver Award 2021 “High-Tech & Healthcare” category “Distribution, Consumer Goods, Personal Services” category “Advisory firm: Positive growth” category

About Largillière Finance

With offices in Paris, Brussels and Geneva, Largillière Finance is an independent investment bank dedicated to assisting managers and shareholders of small and medium-sized companies with their capital transactions: company sales and acquisitions, financing (capital and/or debt), financial engineering (valuation, etc.) and financial strategy.

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