Calicéo, the French leader aquatic well-being, is taking a new step in its development with the completion of more than €240m (US$277m) in financing, including €145m in bank debt (€80m confirmed and €65m to come). The transaction, supported by historical investors and a strengthened banking pool, marks the opening of a new investment cycle for the group as it looks to accelerate the expansion of its network in France and begin its international expansion into the UK and Belgium.
Since its creation in 1997, Calicéo has established itself as a reference in baths, spas and well-being in France. The group currently has 12 centres in France, including one under construction and six Les Cent Ciels centres. It welcomed 2-1/2 million visitors in 2025 with expected turnover coming in at more than €70m.
Ekkio Capital, a long-standing investor in Calicéo since 2018, has supported the financing alongside alongside LGMH, GF Investissement, BNP Développement, Bpifrance, Carvest, CIC Private Debt, LGT, and the management team led by Marc Léonard.
The banking pool consists of Crédit Agricole, LCL, Caisses d’Épargne Régionales, Arkéa and Bpifrance
