G Square Healthcare acquires Duomed

Details of G Square's acquisition remain undisclosed, and the GP was not available for comment when contacted by unquote".

Founded in 2007 by Laurent Ganem, former head of healthcare investments at Apax France, G Square focuses on investments within the healthcare sector, with equity tickets ranging from €30-50m.

Headquartered in London, the firm recently closed its second investment vehicle, G Square Capital II, on its €350m hard-cap, exceeding the €209m raised for G Square Capital I.

The vehicle made its first investment in April 2016, acquiring a minority stake in Norwegian healthcare services provider Unicare.

The acquisition of Duomed was supported by a financing package provided by Permira's debt management and advisory arm Permira Debt Managers, via the direct lending fund Permira Credit Solutions III. The lender said it provided "long-term debt" for the group, acting as sole lender on the transaction.

Company
Founded in 1993 and headquartered in Londerzeel, Belgium, Duomed provides sales and marketing advice for medical equipment groups in the Benelux region. The entity establishes long-term distribution contracts with clients, enabling the identification and introduction of new products on the market, especially within the surgical field.

People
G Square Healthcare Private Equity – Laurent Ganem (CEO/founder). 
Permira Debt Managers – David Hirschmann (partner/head of private credit).

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