Sherpa acquires Hedonai for €19.3m

According to local press reports, Sherpa acquired the business out of an insolvency procedure for €19.3m. Following the acquisition, the GP aims to boost the company's expansion through the opening of new clinics, and will expand the company's treatments offering, leading consolidation across the Spanish market.

In a report, Spanish publication Expansión highlighted a 15% drop in Hedonai's sales in 2017 with regard to the company's largest business arms, focused on laser hair removal and cosmetic medicine. This reportedly forced the business to close three centres in Córdoba, Pamplona and Madrid.

Company
Established in 1996 and based in Madrid, Hedonai manages a chain of 34 healthcare and beauty care clinics in Spain. The company has 270 employees. According to local press reports, the business posted €12.28m in revenues in 2016 with a net loss of €1m.

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• Topics
• Turnaround/Special Situations
• Buyouts
• Healthcare
• Southern Europe
• Spain
• Turnarounds