Unigestion invests in Home Instead
Home Instead is the world's leading provider of home care services, predominantly for the elderly. The Company is the exclusive franchisee of the American Home Instead Inc. for several countries in Europe: Switzerland, Austria, Ireland, the Netherlands and France.
Founded in 2007, Home Instead has achieved strong organic growth and successfully internationalised its business via acquisitions. Supported by favorable demographic trends and, in particular, the prevailing desire of seniors to continue living in their own homes, the Company has seen significant growth in recent years.
Paul Fritz, CEO and Chairman of the Board of Directors of Home Instead, said: «With Unigestion, we are gaining a strong partner and setting course for the future successful development of our company. We want to continue the strong growth experienced by the company over the last few years, when turnover and profitability have multiplied. The re-investment of Verium also ensures the necessary continuity.» Paul Fritz will remain CEO and Executive Chairman of the Board of Directors and will increasingly focus on the strategic development of the company in the medium term.
Philipp Scheier, who will represent Unigestion on Home Instead’s Board of Directors, said: «Home Instead has enjoyed rapid growth in recent years and we are delighted to be joining forces with Paul Fritz and Verium and pursue a common path to further growth. Our experience in developing companies in the healthcare sector (including Seniocare in Switzerland) and our global network will support the growth of Home Instead in the years to come.»
Verium’s investors will continue to be represented on the Board of Directors by Marc Erni: «Since Verium’s entry in 2014, Home Instead’s sales have increased from CHF 10 million to over CHF 130 million, the business has built up an international presence and various processes have been digitalized and optimized. The entire management team has delivered impressive results over the last years and I am extremely pleased to accompany the further development of the company and continue to represent our investors.»
- Verium AG
Marc Erni, Partner Direct Investments and Board Member of Home Instead Group, email@example.com