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Salvepar backs French home care provider S2A Group

30 Apr 2014

Euronext-listed Salvepar has invested €16m in S2A Group, a French provider of home care from the voluntary and medical sectors.

The company operates in the Pays de la Loire, the Midi-Pyrénées region and in Haute Normandie. A number of entities complement the Group in the development of operations in the Ile-de-France or in the area of upcoming technologies focused in particular on telemedicine.

The transaction was completed through the acquisition of part of Gemmes Venture’s stake, S2A Group’s majority shareholder, and a subscription to a capital increase of S2A. The capital increase will allow S2A Group to implement its strategic development plan.

Following the deal Salvepar will hold 14.6 per cet of S2A’s capital and voting rights.

The firm said it would support the company in its development strategy in a growing and consolidating sector; and support the management and the current shareholders toward the development of telemedicine, a market with “attractive prospects”.

Salvepar is an investment holding company listed on the Euronext Paris stock exchange and is majority owned by the Tikehau group.

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