Bridgepoint, one of the world's leading mid-market investors, together with IK today announced that Bridgepoint has agreed to acquire a majority stake in BATISANTÉ, a leading multi-service provider of mandatory safety and compliance services to residential buildings in France, from the IK IX Fund.
The transaction will see Bridgepoint partner with BATISANTÉ’s existing management team, led by CEO Nicolas Milesi, who will remain invested in the business. Terms of the transaction are not disclosed.
Headquartered in Paris, France, BATISANTÉ provides essential building fire protection, hygiene, inspection and maintenance services, helping residential property managers, commercial property owners and public sector clients keep their buildings safe and compliant. The company serves 20,000 customers and protects over 200,000 buildings, carrying out approximately 500,000 interventions annually through a network of more than 1,000 technicians.
Since partnering with IK in July 2022, the Company has grown significantly, completing 14 acquisitions that have expanded its presence across France and into the Benelux, broadened its B2B customer base and strengthened its service offering. IK has also supported management in enhancing sales capabilities, improving operational efficiency and transforming IT across the group. Together, these initiatives have strengthened commercial performance, further raised service standards and improved customer retention, while creating a scalable platform for future growth.
With Bridgepoint's support, BATISANTÉ will focus on accelerating growth in France and expanding into selected European markets. This will include broadening its range of services, investing further in technology and pursuing strategic acquisitions to build a leading European multi-service provider of mandatory safety and compliance services.
Bridgepoint brings extensive experience in growing specialist business services companies, including deep expertise in residential property services through its investments in Evoriel and previously Foncia. This experience, alongside its international network and track record of supporting acquisitions, will help BATISANTÉ capitalise on growth opportunities across Europe.
Nicolas Milesi, CEO of BATISANTÉ, said: “We are delighted to welcome Bridgepoint as our new investment partner. I would like to thank IK for their support over the past four years. Together, we have greatly strengthened our management team, expanded our geographic reach, broadened our expertise and invested in the capabilities needed to support a larger group. This has included a major IT transformation programme, strengthening our sales capabilities and improving operational efficiency. Bridgepoint's experience in our sector and international reach make them an ideal partner as we look to accelerate our growth, expand into new markets and continue delivering the highest standards of service to our customers.”
Vincent-Gaël Baudet and Louis Prothery, Partners at Bridgepoint, said: "BATISANTÉ is an exceptionally resilient business with a leading position in France and a strong track record of growth. Its essential services, long-standing customer relationships and high-quality management team make it a compelling investment in a market with significant long-term potential. We look forward to partnering with Nicolas and the team to build on these foundations and support the next phase of BATISANTÉ’s development in France and across Europe."
Rémi Buttiaux and Vincent Elriz, Partners at IK and Advisors to the IK IX Fund, added: “It has been a pleasure to work alongside Nicolas and the BATISANTÉ team during a period of significant growth and transformation. Through targeted acquisitions and investment in commercial capabilities, digitalisation and operational efficiency, BATISANTÉ has become a leading provider of multi-specialist residential services in France, with a platform poised for international expansion. We are proud of what we have achieved together and wish the team continued success with Bridgepoint.”
The transaction is subject to customary closing conditions and is expected to complete by the end of 2026.
Bridgepoint was advised by Evercore, Jefferies and D&A Corporate Finance (M&A), Alvarez & Marsal (financial due diligence), Indefi (commercial due diligence), Latham & Watkins (legal) and Osborne Clarke (legal due diligence).
IK was advised by Rothschild & Co (M&A), Eight Advisory (financial due diligence), Arsène (tax) and Willkie Farr & Gallagher LLP (legal).
Batisanté was advised by Claris, Callisto and A7TAX.