The NWD Group , a leading trading and service company in the dental sector, acquired NETdental, a German dental-consumable mail-order company.
- Gjensidige, a leading Nordic insurance group, acquired Mølholm Insurance, the leading provider of health insurance in Denmark, from PFA Pension.
DOREA Holding GmbH, a German owner and operator of nursing homes and a portfolio company of Quadriga Capital, a German private equity firm, acquired Meritus Seniorenzentren GmbH, an operator of elder care facilities.
Clinéo, a retirement home group in southern France, raised EUR 4 million from 123Venture. The investment is being used in the acquisition and renovation of three retirement homes (La Résidence Chevillon, La Maison Ensoleillée and Le Château de la Malle).
The Dutch office of Clairfield International advised Stichting KwadrantGroep in the strategic divestment of its activities relating to mobility aid equipment. Stichting KwadrantGroep is a provider of healthcare services with a focus on elderly care. Jens Beenhakker Beheer B.V. specializes in the sale and leasing of mobility aid equipment and is active throughout the Netherlands.
Bittium Corporation acquired Remega Group, consisting of Mega Electronics Ltd and MegaKoto Ltd. Mega Electronics Ltd, founded in 1983, is a Finnish ISO13485 certified medical device manufacturing company. The company specializes in biosignal measuring for cardiology, neurology, rehabilitation, occupational health, and sports medicine. MegaKoto Ltd provides comprehensive arrhythmia monitoring services for its customers such as primary care centers, private clinics and hospitals. The acquisition was advised by Clairfield International in Finland.
Terry White Group, a leading Australian pharmacy franchise, has announced its proposed merger with EBOS Group’s Chemmart, creating one of Australia’s largest retail pharmacy networks of approximately 500 stores representing AUD 2 billion in annual sales. Terry White Group will acquire the Chemmart business and receive AUD 18 million in cash in exchange for EBOS’ receiving a 50% interest in the post-merger group. As part of the deal, TWG will return AUD 13 million of the AUD 18 million (AUD 0.98 per share) to pre-merger shareholders. Clairfield Australia acted as financial advisor to Terry White Group throughout the process.
Handico Finalnd Oy joined the Finnish Haltija Group Oy, a portfolio company of the Finnish private equity investor Sponsor Capital. Handico has been one of the leading providers of medical aids in Finland for two decades. The company represents the world’s leading medical aid brands and offers after-sales services nationwide. Handico’s customer base consists of hospital districts, and municipalities all over Finland as well as private care companies. Clairfield Finland advised Handico Finland Oy and its owners.
HgCapital (private equity) and private owners, sold Mainio Vire, a leading provider of elderly care, mental health and home services in Finland, to Mehiläinen. Triton and KKR-backed Mehiläinen, is the best-known and most highly regarded private provider of healthcare and social services in Finland. Mehiläinen had a net turnover of EUR 445 million and EBITDA (adjusted for non-recurring items) of EUR 50 million in 2015.
Clairfield in the Netherlands advised Holland Venture on the sale of its majority stake in Opdidakt to Karmijn Kapitaal and the company’s management. Opdidakt is a nationwide provider of high-quality support for children with learning disabilities and psychological issues. The organization researches learning development disorders such as dyslexia and dyscalculia and problems relating to behavior and development, such as attention deficit hyperactivity disorder (ADHD), autism, and anxiety. Holland Venture is one of the oldest independent private equity firms in the Netherlands. Karmijn Kapitaal is a private equity firm with a focus on the provision of equity investments to Dutch SMEs that are led by a balanced team of men and women. Karmijn was founded in 2010.
Clairfield in the Netherlands advised the KwandrantGroep in the sale of Dantuma Medical Specialty Stores to rival Mathot Medical Specialty Stores. Dantuma is the largest supplier of disposable- and non-disposable medical products, including specialized products for ostomy, continence, and wound care in the northern part of the Netherlands. Mathot Medical Specialist is a nationwide supplier of medical products similar to those of Dantuma. As the market demands scale, more expertise and the pooling of resources, the merger of these two companies creates a sustainable company that is one of the largest medical specialty product suppliers in the Netherlands.
MilaPro, one of the leading child welfare companies in Finland, was sold to Triton and KKR-backed Mehiläinen, the best-known and most highly regarded private provider of healthcare and social services in Finland. Mehiläinen had a net turnover of EUR 445 million and EBITDA (adjusted for non-recurring items) of EUR 50 million in 2015. MilaPro provides child welfare and mental health services in collaboration with children, families, and the public sector. MilaPro employs around 400 people and had a turnover of around EUR 18.5 million in 2015.
Clairfield Finland advised Humana, the leading care company in the Nordics, in its expansion to Finland through the acquisition of the leading Finnish psychosocial care provider Arjessa from funds managed by Sentica Partners and private owners. The enterprise value of the transaction was EUR 32 million. Together Arjessa and Humana will form the largest Nordic provider of individual and family care. Humana is listed on the Nasdaq OMX Stockholm stock exchange with a market cap of approximately EUR 400 million.
Clínica Bellavista, a mental-healthcare hospital, with a 50 year + history was sold to SARquavitae, a leading network of nursing homes with more than 20 years of experience in the management of centers specializing in health and social services. SARquavitae believes that the long term mental health care industry is highly fragmented and underserved in the context of increasing long term demand for mental health services. The acquisition of Bellavista, with its long history of high occupancy and reputation for excellent medical care will enable them to create a significant strategic presence in the Spanish mental long term healthcare market. The transaction was advised by Clairfield International in Spain.
Edstrom Industries, the leading global designer and manufacturer of automated watering and related monitoring systems for use in animal and laboratory research environments, was recapitalized by ShoreView Industries, a Minneapolis-based private equity firm.
Progress Care, a leading specialist education and care provider was sold to Priory Group, a leading provider of behavioural care in the UK. Progress provides care for children and young adults with high acuity learning disabilities, challenging behaviour, and autism.
Plum A/S, Denmark’s top producer of hygiene and disinfection products, was sold to CCS Healthcare, the market leader in hygiene and disinfection products in the Nordic region. The acquisition of Plum further strengthens the company in the Nordic market, and opens doors to other geographic areas such as Germany and France, where Plum already has substantial distribution.
Médioffice, a company specialized in the recruitment of doctors for short-term assignments in hospitals and clinics, was sold to R3G2. Médioffice has a database of over 2,200 medical specialists and completes 600 to 700 assignments per year.
Alpha Imaging, one of the largest independent sales and service providers of advanced medical imaging equipment in the US, completed a recapitalization with Caymus Equity Partners, NewSpring Capital, and Graycliff Partners.
Discovery House Group, a provider of outpatient substance abuse treatment services, was sold to Acadia Healthcare Corporation.
Global Imaging On Line, one of the key European players in medical imaging software solutions and backed by Amundi Private Equity Funds, CM CIC-Capital Privé, and Isatis Capital, was sold to Groupe Numerix, a French leader in technical solutions for medical imaging centers.
Biothera, Inc.’s Wellmune business was sold to Kerry Group plc, a global taste and nutrition company. Wellmune is a natural food, beverage and supplement ingredient that is clinically proven to strengthen the immune health system.
WellBiz Brands, Inc., one of the largest wellness franchise organizations in the US, was sold to KSL Capital Partners.
Emergency Certifications, Inc., a market-leading provider of online certifications and continuing education in the healthcare space, was acquired by Career Step LLC, a portfolio company of Revelstoke Capital Partners, a Denver-based private equity fund.
Indicia Production reorganized the capital structure of its holding company with the support of investment fund Amundi PEF. Indicia Production offers industrial production services to life-sciences companies wishing to outsource the formulation, sterilization, and filling of liquid products and reagents.
Neometrics, a leading provider of outsourced manufacturing and engineering services to medical device OEMs, was acquired by Heraeus, a global business unit of Heraeus Holding GmbH.
Novu, Inc., a member-centric technology and services platform designed to serve as integrator between payer, provider and member, raised USD 20 million in growth equity capital from two leading healthcare-focused private equity groups, Memphis-based SSM Partners and Atlanta-based Noro-Moseley Partners.
Quality Addiction Management, Inc., a provider of outpatient methadone treatment services, was sold to Acadia Healthcare Corporation.
The shareholders of DocCare (Fa-med Group, backed by Gilde Equity Management) sold DocCare to its competitor Karmac. DocCare’s main activity is the processing of business documents such as invoices and declaration statements. Its customers include many large health insurance companies in the Netherlands.
VirMedica, Inc. acquired the assets of TransEngen, Inc. while also making a significant capital investment in D2 Pharma Consulting. The financing was led by Nashville-based Petra Capital Partners, with participation by Menlo Park-based HealthQuest Capital. VirMedica is an innovative holding company bringing together complementary businesses for the specific purpose of redefining the market access landscape for specialty healthcare products.