Ashurst advised GDP Vendôme in connection with the sale of its shares in DVD Participations to funds managed by PAI Partners. GDP Vendôme sold 48% of the share capital, which it has held in DVD Participations (DomusVi) since 2011. The share purchase agreement was signed on 19 June 2014.

The remaining 50% of the share capital was held by DV France.

DomusVi is the third largest private care home company for elderly people in France, just behind Korian-Medica and Orpea. The group owns approximately 200 care-assisted nursing homes and sheltered-accommodation homes and employs approximately 10,000 people.

The Ashurst Paris team was led by partner Bertrand Delaunay and Anne Reffay, counsel.