V4C, Ananda Impact acquire Doktor 24

The transaction includes a co-investment by Ananda Impact Ventures.

The investment will finance Doktor 24's acquisition of two other healthcare businesses in Hungary: Kastélypark Klinika and Svábhedgyi Gyermekgyógyintézet.

The deal includes a partial reinvestment by Svábhedgyi founder Otto Skoran. The group's other shareholders include Doktor 24's founders Robert Lancz and János Kóka, along with several of the group's doctors and managers.

V4C is currently investing from its V4C Poland Plus Fund, a €91m vehicle that held a final close in July 2019. It targets investments in smaller mid-cap companies, particularly in the service industries. It focuses mainly on Polish companies, but also looks at Romania, the Baltic countries and selectively other central European countries. The fund aims to deploy €10-25m of equity per transaction in exchange for controlling stakes, though it also takes minority positions in a syndicate with other professional investors.

Company
Founded in 1992 and headquartered in Budapest, Doktor 24 is a provider of occupational and outpatient medical services for adults and children, including inpatient orthopaedic surgery facilities.

People
Value4Capital – Bill Watson (managing partner); Bogdan Chirita (investment director); Jacek Pogonowski (partner).

Advisers
Equity – PwC Hungary (financial & commercial due diligence, tax); Dentons (legal); Heal Partners of Budapest (corporate finance).

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• Topics
• CEE
• Buyouts
• Healthcare
• Hungary
• PwC