Ekkio acquires French spa chain Calicéo
23rd July 2018
Ekkio Capital has acquired French spa chain Calicéo.
The investment is the third from Ekkio’s fourth fund, which closed in May 2018 at €161m.
Founded in 1996 as a family business, Calicéo operates six sites in Toulouse, Perpignan, Nantes, Pau, Lyon and Bordeaux which together have around 1 million visitors every year. The business has around €17m of annual revenues.
Ekkio was advised by Roland Berger, Aigis, Squire Patton Boggs, Archimède, Alcaix & Associés, Kéo and Oderis; and the sellers by Adviso Partners, Fidal and KPMG.
Senior debt to support the transaction was provided by LCL and mezzanine debt by Indigo. LCL was advised by HSF and Indigo by De Pardieu Brocas Maffei.