IK Investment Partners Takes Majority Stake In GHD GesundHeits
September 15 2010 - 4:49AM
Dow Jones News
IK Investment Partners Wednesday said it has taken a majority
stake in German homecare services company GHD GesundHeits GmbH
Deutschland, in an effort to tap into growth being driven by an
aging population and adding to the European private equity firm's
healthcare portfolio.
IK Investment Partners bought the shares from Barclays Private
Equity, part of Barclays PLC (BCS), in agreement with the company's
founder and chief executive officer, Andreas Rudolph, who will
continue to hold a "substantial shareholding." The price paid
wasn't disclosed. The Ahrensberg-based company's expected revenue
this year will come to around EUR300 million, IK Investment
Partners said. Its business centers around supplying homecare
patients with medicines and medical aids, including ostomy, liquid
nutrition and cancer therapies.
The move is the latest by a private equity firm into Europe's
homecare market, which is expected to register strong growth in the
coming years as government health systems look for ways to control
their costs and keep elderly patients within their homes for as
long as possible.
Barclays Private Equity had taken its majority stake in August
2007 and the company has since made a series of acquisitions. IK
Capital Tuesday said it sees further opportunities for organic
growth and additional acquisitions in the coming years. Its other
healthcare holdings include Colosseum Dental, a Scandinavian
private dental care provider, and Welzorg, a mobility aids
distributor in the Netherlands.
-By Margot Patrick, Dow Jones Newswires; +44 (0)20 7842 9451;
margot.patrick@dowjones.com
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