Unigestion has led to the buyout of Home Instead Holding (Home Instead), a provider of home care services across Europe. As part of the sale of Home Instead, Unigestion as lead investor has invested in the company, alongside the founder of Home Instead, Paul Fritz, who, together with Verium, continues to hold a majority stake in the company. With Unigestion’s investment, the shareholder base of Home Instead has been supplemented with an experienced institutional investor to support the successful implementation of the company’s ambitious growth plans.
Home Instead is the world’s leading provider of home care services, predominantly for the elderly. The company is the exclusive franchisee of US-based Home Instead Inc. for several countries in Europe: Switzerland, Austria, Ireland, the Netherlands and France.
The services Home Instead provides have strong societal value, particularly among countries with ageing populations. By supporting elderly people with everything from shopping and cooking to 24-hour care and palliative support, enables them to remain living in their own homes and thus to retain their independence for as long as possible. There is also benefit for public finances given the number of elderly people needing to be cared for by state healthcare systems is reduced.
Paul Fritz, CEO, and Chairman of the Board of Directors of Home Instead, says: “With Unigestion, we are gaining a strong partner and setting course for the continued successful development of our company. We want to continue the strong growth experienced by the company over the last few years, in which time turnover and profitability have multiplied. The re-investment of Verium also ensures the necessary continuity.”
Paul Fritz will remain CEO and Executive Chairman of the Board of Directors and will increasingly focus on the strategic development of the company in the medium term.
Read more/Source: Private Equity Wire
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