Clariane completes its plan to strengthen its financial structure with the disposal of its Petits-fils home care services network

Core Viewpoint - Clariane has successfully completed its financial restructuring plan ahead of schedule by disposing of its Petits-fils home care services network for €345 million, contributing to a total asset disposal program of €1 billion aimed at strengthening its financial structure [1][2]. Group 1: Financial Restructuring - The disposal of the Petits-fils network was finalized six months earlier than planned, marking a significant step in Clariane's strategy to enhance its financial stability [2]. - The asset disposal program, which totaled €1 billion, was executed with favorable terms, achieving an average EBITDA multiple of approximately 14x, thereby improving the company's balance sheet [2]. Group 2: Petits-fils Overview - Petits-fils, established in 2007, provides high-quality home services for the elderly, including independent living and administrative assistance, and has expanded from 58 branches in 2018 to 292 branches serving nearly 39,000 individuals in France by 2024 [3]. - In 2024, Petits-fils contributed €56 million to Clariane Group's revenue [3]. Group 3: Future Prospects - The acquisition by Crédit Agricole Santé & Territoires is expected to support Petits-fils' continued development, leveraging Crédit Agricole's strong local presence [4]. - Clariane's CEO highlighted the successful execution of the financial restructuring plan amidst a challenging financial environment, which has significantly improved the company's financial position and access to financing [4].