Kartesia Management S.à r.l., Groupe Siparex, Crédit Agricole S.A., BNP Paribas Développement SA, SCR and management team of Groupe WINNCARE S.A.S agreed to acquire an unknown minority stake in Groupe WINNCARE S.A.S from Groupe Siparex, Crédit Agricole S.A., BNP Paribas Développement SA, SCR, management team of Groupe WINNCARE S.A.S, IDI and CAPZA 5 Flex Equity, managed by Atalante SAS.
Kartesia Management S.à r.l., Groupe Siparex, Crédit Agricole S.A. (ENXTPA:ACA), BNP Paribas Développement SA, SCR and management team of Groupe WINNCARE S.A.S agreed to acquire an unknown minority stake in Groupe WINNCARE S.A.S from Groupe Siparex, Crédit Agricole S.A. (ENXTPA:ACA), BNP Paribas Développement SA, SCR, management team of Groupe WINNCARE S.A.S, IDI (ENXTPA:IDIP) and CAPZA 5 Flex Equity, managed by Atalante SAS on March 23, 2026. Capza and IDI are exiting the company. CACIB (Crédit Agricole Corporate & Investment Bank) provided financing in the transaction. The acquisition includes Winncare's five international commercial subsidiaries (France, the UK, Spain, Denmark and Poland) and 12 production sites, the group has established itself as a leading European platform.
For the period ending December 31, 2025, Groupe WINNCARE S.A.S reported total revenue of ?150 million.
The transaction remains subject to consultation with employee representative bodies and approval by the relevant regulatory authorities.
Jean-Baptiste Marchand, Benjamin Giner, Tristan Sivadon, Jad Sader and Damien Schaff of Amala Partners acted as financial advisors for Kartesia Management S.à r.l., Crédit Agricole S.A., Groupe Siparex, BNP Paribas Développement SA and SCR. Matthieu Candia and Priscilla Van Den Perre of De Pardieu Brocas Maffei and David Swinburne of Jones Day acted as legal advisors and legal, tax and employment due diligence providers for Kartesia Management S.à r.l., Crédit Agricole S.A., Groupe Siparex, BNP Paribas Développement SA and SCR. Frederique Chenevoy and Renaud Adam of Deloitte SA acted as financial due diligence providers, Arnaud Sergent and Jacky BanhL.E.K. Consulting Srl acted as commercial due diligence providers to Kartesia Management S.à r.l., Crédit Agricole S.A., Groupe Siparex, BNP Paribas Développement SA and SCR. Frederic Balochard and Benjamin Lobel of Coruscans acted as financial advisors, and Marie-Isabelle Levesque and Antoine Gergoy of CLARIS Avocats acted as legal advisors to the management team of Winncare.
IDI, a leading player in French private equity, is a listed investment company, controlled and majority-owned by its teams, specializing for over 50 years in supporting SMEs and mid-sized companies. IDI offers entrepreneurs time, resources, and a long-term, experienced investment team to accelerate their growth. The commitment and longevity of IDI's teams, along with the quality of its investments, have enabled its shareholders to benefit from an annualized internal rate of return (IRR), with dividends reinvested, of 15.44% since its IPO in 1991.
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Kartesia Management S.à r.l., Groupe Siparex, Crédit Agricole S.A., BNP Paribas Développement SA, SCR and management team of Groupe WINNCARE S.A.S agreed to acquire an unknown minority stake in Groupe WINNCARE S.A.S from Groupe Siparex, Crédit Agricole S.A., BNP Paribas Développement SA, SCR, management team of Groupe WINNCARE S.A.S, IDI and CAPZA 5 Flex Equity, managed by Atalante SAS.
