A Travers Smith team led by Paris head, David Patient, has advised Milestone Capital Partners, the Anglo-French private equity firm, and the other selling shareholders, on the sale of the Winncare group to IDI, the Paris-listed private equity firm, for an undisclosed sum.

The acquisition was financed by IDI investing capital totalling approximately €17 million, along with senior debt arranged by CIC Ouest and Banque Populaire Atlantique and mezzanine debt provided by LFPI Résilience.

Winncare is the French market leader of durable medical equipment to elderly patients with a strong presence in bed-sore prevention products and medicalised beds.  Under Milestone's ownership, Winncare sales grew from €14 million in 2005 to €45 million in 2013 as a result of acquisitions and new product launches.

The Travers Smith team included corporate associate Andrew Gofton-Salmond.

IDI were advised by Hogan Lovells LLP (Stéphane Huten).