Isai invests €2m in Hospimedia

Isai is understood to have secured a stake of around 33% in Hospimedia, investing via the Isai Expansion vehicle. The firm's second FCPR fund reached a €30m first close in June last year and is targeting to ultimately raise €40m.

Isai was particularly attracted by the underlying strength of the healthcare market in France, which accounts for 12% of GDP, according to the investor. Hospimedia will look to drive its growth both organically and through strategic acquisitions – Isai stated it was ready to inject additional capital to fund these in due course.

Company
Established in Lille in 2001, the Hospimedia group publishes the healthcare-focused information website hospimedia.fr, targeting an audience of healthcare professionals. Hospimedia also publishes two recruitment websites serving the healthcare and social-work industries.

Hospimedia employs 28 people and generates a €3m turnover.

People
Pierre Martini and Guillaume Monin led the deal on behalf of Isai.

Advisers
Equity – Orsay Avocats, Samira Friggeri, Valerie Dixneuf (Legal); Advance Capital, Arnaud Vergnole, Antoine Visseyrias (Financial due diligence).
Company – Shibumi Corporate Finance, François Kittel, Jean-Michel Lebouvier (Corporate finance); Fidal, André Levêque, Florence Loyez, Magalie Delandsheer (Legal).

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• Topics
• France
• Expansion
• Media
• France
• ISAI