Ufenau-backed Altano buys Pferdeklinik Grosswallstadt

The combined group now employs 80 people and has an enterprise value of approximately €15m, according to a source close to the situation.

The GP drew capital from its fifth fund, Ufenau V, which held a €227m final close in October 2016.

Ufenau made the first transaction of its buy-and-build strategy in June 2017, buying a clinic in Duelmen for an undisclosed sum. It then bolted on Karthaus to create a company with an overall enterprise value of around €10m before acquiring another clinic in Kircheim in September 2017. 

The GP said the German equine medicine market is attractive for consolidation, after a change in EU law last October opened it up for private investment. It hopes to bolt on an additional 10-20 clinics in the next five years.

Company
Pferdeklinik Grosswallstadt is a horse clinic specialising in diagnostics and surgery. It employs 53 people and treats 6,000 patients per year. It specialises in regenerative medicine, equine dentistry, surgery, sports medicine and stem cell therapies. It is based in Grosswallstadt, Bavaria.

People
Altano Gruppe – Victor Baltus (CEO).
Pferdeklinik Grosswallstadt – Holger Fischer (CEO).

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• Topics
• Expansion
• DACH
• Healthcare
• Germany
• Build-up
• Ufenau Capital Partners