Brussels, 22 November 2016 – Ergon Capital Partners III S.A. (“Ergon”) announced today that it recently signed an agreement to invest into Deutsche Intensivpflege Holding GmbH (“DIH”), one of the leading ambulant intensive care providers in Germany. Sofina Group, the Belgian-based family holding, and several Ergon LPs will co-invest next to Ergon in this transaction.
DIH, which was created in 2013 and advised by Delta Equity GmbH (“Delta”), is the second largest care provider in the fragmented German ambulant intensive care market. It combines ten operating intensive care entities across Germany with around 400 patients. DIH provides ambulant intensive care in individual one-to-one settings and in more than 30 care communities for both adults and children with the help of specifically qualified care personnel. DIH considers itself a premium provider for paediatric intensive care in Germany.
Commenting on the acquisition, Holger Eden, CEO of DIH, said: “The management team is excited to have Ergon as new shareholder and is looking forward to pursuing together further organic and inorganic growth opportunities for DIH.” The founders of DIH, Dr. Kai Herold and Peter Boesensell, who will remain shareholders in DIH and continue supporting DIH in the future, added: “We are proud of having developed DIH into a leading player in its sector. We are convinced to have found in Ergon, as a family-backed investor, the right partner for DIH in its ambitious growth strategy going forward.”
Wolfgang de Limburg, Managing Partner of Ergon, commented “Ergon is enthusiastic to team up with the management team led by Holger Eden and Jürgen Hargarter to further pursue DIH’s ambitious growth strategy. We are committed to support DIH’s strategy of organic growth and further consolidation in order to develop the leading German player in terms of quality, service and market access.” Nils Lüssem, Partner at Ergon Capital Advisors in Germany, added: “DIH is a great platform consisting of regional leaders in a highly attractive niche of the outpatient care market in Germany. We are looking forward to working with the regional teams and building on the successful development of DIH.”
Closing of the transaction is subject to customary antitrust approvals.
About Deutsche Intensivpflege Holding GmbH
Founded in 2013 and headquartered in Munich, Germany, DIH is a market and quality leader in the non-clinical intensive care market in Germany with currently ten operating care centres providing intensive care services to around 400 patients across Germany both on an individual basis and in several care groups.
About Ergon Capital Partners III
Ergon is a mid-market private equity investment company with ~€500 million under management backed by family-controlled Groupe Bruxelles Lambert, through its fully- owned subsidiary Sienna Capital, as cornerstone investor, and selected European institutional investors. Ergon is a disciplined and discreet value investor, which provides “patient and friendly capital” to entrepreneurs and managers, who need capital and industrial solutions to accelerate the development of their companies. Ergon makes equity investments from €20 million up to €70 million in leading companies with a sustainable competitive position in attractive niche markets located in the Benelux, Italy, Iberia, France, Germany and Switzerland. Ergon is advised by Ergon Capital Advisors which has offices in Brussels, Paris, Madrid, Milan and Munich.
Since its inception in 2005, Ergon, together with its preceding investment programs, invested in 16 companies (of which 4 in the Benelux, 7 in Italy, 2 in France, 1 in Spain and 2 in Germany) and has completed 19 add-on acquisitions for a total aggregate transaction value in excess of €3 billion. Including DIH, Ergon’s current portfolio will consist of 8 companies in various sectors encompassing luxury, specialty retail, industrial manufacturing, healthcare, leisure and gastronomy.
For more information on Ergon please visit www.ergoncapital.com.