Baigo Capital defies market with healthcare double

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Baigo Capital has defied an increasingly challenging economic backdrop to close not one, but two deals: Vanguard AG, which offers sterilisation and operating theatre support services to hospitals, and Euroeyes GmbH, a European group of eye surgery clinics. Since its inception about 12 months ago, healthcare specialist Baigo has seen more than 100 investment opportunities before closing its first two investments. It puts its success down to what it calls "the defensive qualities of the healthcare sector".

Vanguard, headquartered in Berlin, offers outsourcing solutions or modular and customised solutions in areas covering outsourcing of processes, logistics and IT solutions. The firm benefits from hospitals' drives to save costs, make processes more efficient and improve quality. Its customer base encompasses more than 1,500 hospitals in Europe. The other investee company, Hamburg-based EuroEyes, currently comprises 11 clinics, where refractive surgery using the LASIK method are conducted.