GED buys four health services

The four companies will be merged into a group that will employ 130 staff and generate turnover of €15m. The group intends to consolidate its market position and further expand across three verticals: clinical studies, medical education and patient support services.

The founders and management teams of the four companies will retain a minority stake and continue to play a role in the management of the business.

The GP deployed capital from GED VI España, which was launched with a €175m target and held a €100m first close in March 2019.

The fund invests equity tickets of around €15-20m in companies generating EBITDA of €3-7m, operating across the industrial and B2B services industries.

This is the third investment made by the fund, following its acquisition of a majority stake in aircraft interior specialist Aire in April 2019 and its purchase of visual merchandising company Grupo OM from Nazca Capital in December 2019.

Company
Dynamic is a clinical research company, while Pulso, Mederic and Viguera specialise in providing medical education and training.

Headquartered in Barcelona, the combined group will employ 120-130 staff and generate revenues of €15m.

People
GED Capital – Enrique Centelles Satrústegui (managing partner).
Dynamic – Pedro Hernandez (business director).
Pulso – Albert Gallart (CEO).

Advisers
Equity – KPMG (financial due diligence); Roland Berger (commercial due diligence); DLA Piper (legal).

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• Topics
• Buyouts
• Southern Europe
• Healthcare
• Consumer
• GED Capital
• Spain