Charterhouse Capital Partners announces investment in Novetude Santé
November 12, 2020
Charterhouse Capital Partners LLP (“Charterhouse”), one of the longest established private equity firms operating in Europe, announces that it has made an investment in Novetude Santé (“the company”), a specialist provider of higher education to healthcare professionals in France. Charterhouse acquired its controlling stake from BIM, the France-based investment company headed by Robert Zolade, investing alongside the company’s management team, who are retaining their shareholding in the company.
Headquartered in Paris, Novetude Santé has 17 schools with 6,000 students across France, and is the market leader in osteopathy education, with complementary activities in healthcare training, continuing professional development for healthcare professionals such as nurses, dentist assistants and pharmacists, and preparatory classes for university medical exams.
Novetude Santé is an attractive platform in the fragmented healthcare education space, and Charterhouse will support the management team in its plans to continue to grow the company, utilising its expertise in internationalising businesses, developing buy-and-build strategies, and successfully integrating add-on acquisitions.
Charterhouse was advised by EY-Parthenon (commercial due diligence advisors), Eight Advisory and Mayer Brown (financial and tax advisors), and HPML (legal advisors).