"We are very happy with Navitas Capital’s investment in Domus Magnus", says Huub Deterd, director of the private residential care housing organisation. "Domus Magnus already had sufficient means and good plans to further strengthen its position, but the capital injection of Navitas Capital allows us to speed up the performance of our growth in the ‘star-quality level’ private elderly care in the Netherlands.
In 2005, Domus Magnus started its first private residential care housing provision on the Klein Engelenburg estate in Brummen. A monumental villa with orangery was renovated and has since been a luxury and comfortable home to the elderly. Since the involvement of Navitas Capital in 2007, 5 new locations have been acquired and the initial branch in Brummen was expanded. This year, the number of locations has been further expanded by a merger with DS Verzorgd Wonen. This brings this new organisation to a total of eleven existing small-scale locations, and four new locations in development.