AG2R LA MONDIALE closes the acquisition of Ægide-Domitys
Press releaseParis, June 29,
2021
AG2R LA MONDIALE finalizes the
acquisition of Ægide-Domitysand plans an ambitious
development road map
alongside Nexity
Nexity and AG2R LA MONDIALE announce that they
have finalized negotiations for the sale of control of the
Ægide-Domitys group, the French leader in senior residences, in
accordance with the terms communicated on April 8.
At the end of the transaction, which was
approved by the French Competition Authority on June 22, 2021 and
which was completed today, AG2R LA MONDIALE becomes the majority
shareholder with 67% of the capital, with Nexity retaining an 18%
stake and the founders of Ægide-Domitys, around Jean-Marie Fournet
(JMF Conseil) 15%. The transaction amounts to 375 million euros
(enterprise value for 100% of the capital).
The transaction includes the conclusion of a
long-term non-exclusive majority partnership between AG2R LA
MONDIALE, Ægide-Domitys and Nexity covering the strategic activity
of real estate development, ownership and marketing of senior
citizen residences. It also provides for an ambitious development
plan with the opening of some twenty new residences each year,
enabling Ægide-Domitys Group to double by 2025, reaching over 300
residences in operation by 2030. "
"We are particularly proud of this achievement,
which seals strong partnership commitments in a shared vision and
perspective. Our ambition to increase the number of senior
residences is a response to a major social challenge and a
significant expectation of the French people. This partnership is
in line with AG2R LA MONDIALE's strategy to develop new businesses
related to longevity and services for the elderly and their
caregivers," said André Renaudin, CEO of AG2R LA
MONDIALE.
"I am very pleased with the conclusion of these
negotiations and the long-term partnership that combines the
expertise of AG2R LA MONDIALE, Nexity and Ægide-Domitys, and
strengthens our respective positions. AG2R LA MONDIALE's
development plan will enable Ægide-Domitys to pursue ambitious
growth and maintain its leadership position, and Nexity to
strengthen its real estate development activity in the
high-potential segment of senior residences. This long-term
partnership is accompanied by AG2R LA MONDIALE's acquisition of a
stake in the group, which currently holds more than 3%, in concert
with Nexity's management, which I represent, thereby further
strengthening our ties and continuing to stabilize our shareholder
base," declared Alain Dinin, Chairman of
Nexity.
"The arrival of AG2R LA MONDIALE in our capital
is a strong sign of recognition for our business. We are delighted
to welcome this new shareholder, who will enable us to expand our
work with seniors and our daily commitment to preventing loss of
autonomy. This recomposition of our capital reflects the
ever-increasing openness of our sector to society" explains
Jean-Marie Fournet, Chairman and CEO of
Ægide-Domitys.
From left to right:Alain Dinin,
Chairman of Nexity,André Renaudin, CEO of AG2R LA
MONDIALE,Jean-Marie Fournet, Chairman and CEO of
Ægide-Domitys.
Photo credit: Xavier Renauld
About AG2R LA MONDIALE : Social
and asset protection specialist in France, AG2R LA MONDIALE insures
individuals, companies and industries to protect health, secure
assets and income, guard against life's accidents and prepare for
retirement. The Group has more than 15 million policyholders and
supports 500,000 companies on a daily basis. With more than 11,000
employees, AG2R LA MONDIALE is present throughout France and the
French overseas territories. As a mutual insurance company governed
by equal partners, the Group cultivates a unique social protection
model that closely combines profitability and solidarity,
performance and social commitment. Each year, it devotes several
million euros to helping vulnerable people and supporting
individual and collective initiatives.Follow the news:
www.ag2rlamondiale.fr / @AG2RLAMONDIALE
Contact Mélissa Bourguignon:
melissa.bourguignon@ag2rlamondiale.fr / +33 (0)6 04 52 18
63Emmanuelle Renaudie: emmanuelle.renaudie@ag2rlamondiale.fr / +33
(0)1 76 60 80 69
Nexity, La Vie
Ensemble With more than 11,000 employees and €4.9 billion
in revenue in 2020, Nexity is France’s leading integrated real
estate group, with a nationwide presence and business operations in
all areas of real estate development and services. Our platform of
services enables us to meet all the needs of our clients,
individuals, companies, institutions and communities. Our raison
d'être, 'life together', reflects our commitment to creating
sustainable spaces, neighbourhoods and cities for them, which
enables them to weave and reweave bonds.For the second year in a
row, Nexity has been ranked as the number one project manager by
the Low Carbon Building Association (BBCA), a member of the
Bloomberg Gender-Equality Index (GEI), and Best Workplaces
2021.Nexity is listed on the SRD, Euronext’s Compartment A and the
SBF 120.
Contact Julie MARY – Head of
Press Relations – jmary@nexity.fr / +33 (0)1 85 55 32 35
About Ægide-Domitys Founded in
1998, Domitys, the French leader in senior residences, is a brand
of the Aegide Group, a subsidiary of AG2R LA MONDIALE. With 3,500
employees and more than 130 residences where 13,000 elderly people
live, Domitys is present throughout France and internationally with
residences in Belgium, Italy and Mauritius. Since its creation,
Domitys has been working to improve the quality of life of elderly
people, in particular by joining forces with partners recognized
for their commitment to the senior population (Synerpa, French
Federation of Cardiology, etc.). Domitys also contributes to the
national debate on issues related to aging through the Cercle
Vulnérabilités & Société and Matières Grises think
tanks.http://www.domitys.fr
Contact Agence Matriochka
Influences - domitys@mtrchk.com / +33 (0)6 65 36 74 42
- PR_AG2R LA MONDIALE closes the acquisition of
Ægide-Domitys
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