Sol strengthens its place in Brazil and goals for management within the native market | EUROtoday

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Sol continues its path of internationalization within the dwelling care sector, strengthening itself specifically on the South American market. The Italian group, additionally lively within the technical, industrial and medicinal gases sector, takes management of Pronephistoric operator on the Brazilian market.

Sol has already been lively for a while on the native dwelling care market by means of the Ppar Group corporations, together with Global care, Unit care and DN Global, in addition to Bla and Jml, working within the hospital enterprise in São Paulo.

This newest operation sees the particular function automobile Airsol, wholly managed by Sol spa, purchase 85% of the share capital of Pronep lar internacao domiciliar – an organization based mostly in Rio de Janeiro and lively within the dwelling care sector within the States of Rio de Janeiro, Sao Paulo and Espirito Santo – by the Elevate care worldwide Brazil aggregator firm, wholly managed by the American personal fairness fund Halifax Group. The two Brazilian entrepreneurs and historic companions of the Sol Group, Euro Palomba and Luiz Tizatto, bought the remaining 15%.

Founded in 1992, Pronepo has seen speedy enterprise growth within the state of Rio de Janeiro, after which expanded to these of Sao Paulo (1998) and Espirito Santo (2003), turning into one of many most important Brazilian operators within the dwelling care market. In 2018 it was acquired by the French multinational group Sodexo, which bought it in 2023 to the American fund Halifax Group.

In 2023 Pronep achieved a complete turnover of roughly 227 million Reais, equal to roughly 40.7 million euros, serving roughly 2,500 sufferers, with a employees of 319 direct staff, working with over 40 insurance coverage corporations.