We have advised the founders and executives of A2micile, recently renamed Azae, on its €23.5m fundraising from EMZ, with the objective of launching a public takeover bid.
A2micile is the second largest player in home care services in France, as well as the leading home care provider dedicated to the elderly and disabled. It generates nearly €90m in sales, with a presence in France, Belgium, and Germany.
The transaction was made in two tranches, a fundraising of €13.5m in 2017, followed by a second exercise of €10m in early 2018 from EMZ, the latest transaction valuing the company at c.€75m.
We conducted an auction process in 2017, leading to the selection of EMZ as the sole financial investor, also a takeover bid in 2017 and the launch of a squeezeout in 2018.
