Neuberger exits Service Med to MedicAir

In addition to the majority stake owned by Neuberger, MedicAir also acquired the remaining shares from the company's founders.

Neuberger controlled the company via Atlante Private Equity Fund, which acquired a 75% stake in Service Med in October 2015. Neuberger took over the management of Fondo Atlante from Imi Fondi Chiusi in May 2018.

Company
Established in 1992 and headquartered in Bussolengo, near Verona, Service Med is a manufacturer of anti-decubitus systems, including a range of beds and mattresses to avoid and prevent skin lesions.

The company generates annual revenues of around €19m.

People
Neuberger Berman – Antonio Finocchi Ghersi (partner Atlante Private Equity Fund).

Advisers
Vendor – Gitti and Partners (legal); EY (financial due diligence).
Acquirer – Studio Nicoletti Gariboldi (legal); GBO Studio (tax).

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