Archimed takes minority stake in Primo

Following completion of the deal, Primo will look to expand its presence across Italy both through new stores and bolt-on acquisitions.

The announcement comes on the same day Archimed revealed it had acquired a majority stake in RehabWorks, a UK-based provider of healthcare associated with occupational injuries.

The GP held a €150m final close for its 2013-vintage vehicle Med I FIA in June, surpassing its €120m target.

The Primo deal was sourced on an off-market basis, according to the GP.

Company
Founded in 2010, Primo is a dental clinic group focusing on high-street locations. The company stated its turnover increased by around 50% in the most recent financial year.

People
Vincent Guillaumot is a managing partner at Archimed.

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• Topics
• Expansion
• Southern Europe
• Healthcare
• Italy