Gimv increases stake in GPNZ

The GP previously held a majority stake in the business and has now increased the size of its majority holding.

The deal sees Gimv acquire the stakes previously held by specialised investment office Cannonball Capital, which co-founded the business. Gimv is also acquiring the stake previously held by co-founder Markus Geier.

Founder and CEO Roman Wachtel also took part in the capital increase, according to a statement.

Gimv invested in GPNZ in 2018, according to the GP's website, with the intention of developing the company as a healthcare buy-and-build project in the German market. The company has added nine further dental practices in the past 15 months, in spite of the pandemic, Gimv said in a statement.

Company
GPNZ is a chain of dental clinics. Formed in 2018 and headquartered in Munich, the company's structure is intended to benefit staff, patients and dentists, allowing more flexibility and a broader range of services.

People
Gesellschaft für Praxisnachfolge in der Zahnmedizin – Roman Wachtel (CEO).
Gimv – Philipp von Hammerstein (partner).
Cannonball Capital – Dominik Hesse (managing partner).

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• Topics
• Expansion
• DACH
• Healthcare
• Germany
• Gimv