Activa Capital backs La Maison Bleue for bolt-on deal


One_Child_Playing_lrgMid-market private equity firm Activa Capital has backed its portfolio company La Maison Bleue for the bolt-on acquisition of day-care nurseries Crèches Baby & Co.

La Maison Bleue said the acquisition will enable it to develop its network and to strengthen its presence in the east of France.

The company manages 90 nurseries, 15 of which were opened this year. Crèches Baby & Co plans to open two nurseries in September this year.

La Maison Bleue president Sylvain Forestier said, “La Maison Bleue and Crèches Baby & Co have similar values in terms of quality approach and pedagogy.

“With this acquisition, La Maison Bleue boosts its growth, while acquiring a well-known and recognised business.”

Activa backed the management buyout of La Maison Bleue in December last year. The company said at that time that it aimed to double its size during the next four years and needed a long-term private equity shareholder to accompany its growth both in France and internationally.

Copyright © 2013 AltAssets