Argo advised Palmyra Brands NV on its reinvestment in the French elderly care group Colisée, following the sale to Colisée of their 50% stake in Armonea NV, the second largest privately held elderly care group in Belgium

Argo advised Palmyra Brands NV, the holding company of the Van den Brande family, on its reinvestment in the French elderly care group Colisée, following the sale to Colisée of their 50% stake in Armonea NV (the second largest privately held elderly care group in Belgium). The other selling shareholder was Verlinvest, the holding company of the families de Spoelbergh and de Mévius. Verlinvest NV did not reinvest any of its proceeds from the sale in Colisée.