The former majority shareholder of Indépendance Royale has sold his 85% stake in the company to Capextens, the office of the Dentressangle family, and to A Plus Finance, a French private equity fund, for US$25 million.
Indépendance Royale is a specialist in mobility equipment and products for seniors. The solutions offered enable people to find their independence and autonomy again via products such as electric stair lifts, senior scooters, walk-in showers, walk-in baths, bath lifts and ergonomic beds.
Oaklins' team in France advised the former majority shareholder, Ardens, a French private equity fund, in the sale of its shares in the company. Our team also advised the managers/shareholders in a cash-out operation plus reinvestmet in the new company.
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