Ardian agreed to purchase a majority stake in French home healthcare provider Santé Cie, which operates through its networks Elivie and Asdia.
The transaction will be made alongside the company's current investors HLD and UI Gestion SA and its management team. It is subject to antitrust approval and the opinion of the work council.
BNP Paribas was M&A adviser to Ardian, LEK was its commercial and strategic adviser, 8advisory provided financial due diligence, Latham & Watkins was its legal and tax adviser, Indefi was corporate social responsibility adviser, 8advisory IT was its IT adviser, and Singulier was its digital adviser.
Rothschild was M&A adviser to the seller, Accuracy was its financial due diligence adviser and Weil Gotshal & Manges was its legal adviser.