Gilde Healthcare closes third fund on €200m

The vehicle focuses on lower-mid-market healthcare providers and suppliers of medical products, and is managed by Gilde's investment teams based in its Utrecht and Frankfurt offices.

The fund is double the size of its predecessor, Gilde Healthcare Services II, which closed in January 2015 on €100m.

Investors
The fund's LP base is mainly composed of Dutch institutional investors, including healthcare workers pension fund PGGM/Pensioenfonds Zorg en Welzijn, and bank and financial services provider Rabo Corporate Investments, as well as several international funds-of-funds.

Investments
The fund targets companies based in the Benelux and DACH regions that generate EBITDA of between €2-15m and revenues in the €10-30m range. Targets must operate in the healthcare industry and related sectors, including long-term care providers and clinics, suppliers of medical products, and laboratories.

Gilde Healthcare Services III deploys equity tickets in the €10-40m bracket and is open to co-investments for larger transactions. The fund will use moderate leverage of around 3x, increasing or reducing the debt financing according to the growth plan of the target company.

People
Gilde Healthcare – Jasper van Gorp (managing partner).

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