Bid Equity's Myneva Group buys Swing

The acquisition of Swing intends to expand Myneva's software portfolio offering, adding to its services for outpatient and complex care providers, according to a statement.

Bid Equity began its buy-and-build strategy in the sector with the acquisition of Netherlands-based Regas from Main Capital. The business now has 220 employees and serves organisations in the DACH and Benelux regions operating in the child welfare, healthcare, and elderly and social care sectors.

Myneva will continue to seek acquisitions in the DACH and Benelux region with EBIT of €1-5m, although this is not currently a high priority for its growth, a spokesperson for Bid Equity told Unquote.

Company
Founded in 1994, Swing is a software provider serving outpatient care providers, including care facilities and emergency home call services. It has 1,100 clients in Germany and Switzerland, according to a statement. Swing has operations in Freiburg im Breigsau, as well as in Sursee in Switzerland.

People
Bid Equity – Axel Jansen, Lars Kloppsteck, Helge Hofmeister (managing partners).
Myneva – Matthias Weinhold, Daniel Fischer, Hartmut Clausen (managing directors).

Advisers
Acquirer – AC Christes & Partner (financial due diligence, tax); G+S Treuhand (financial due diligence, tax); Singular (commercial due diligence); AHB Legal (legal); Vischer (legal); TZ Consulting (technology due diligence).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Portfolio management
• DACH
• Technology
• Build-up
• Germany