IK Investment Partners, a pan-European private equity firm, has agreed with the owners of GHD GesundHeits GmbH Deutschland, founder and chief executive Andreas Rudolph and Barclays Private Equity to acquire a majority stake in the company.
Financials for the deal were not disclosed.
GHD provides homecare services in Germany, with expected revenues close to EUR300m in 2010.
GHD has made add-on acquisitions in recent years, supplying homecare patients with both medicines and medical aids.
Rudolph will retain a substantial shareholding in the company.
“Barclays Private Equity’s investment opened new market opportunities for the company. Together with our new partner IK we will further develop these opportunities to benefit our group of companies,” says Rudolph.
Detlef Dinsel (pictured), a managing partner at IK, adds: “We are delighted to announce the acquisition of GHD, a clear market leader in the homecare services sector in Germany, an area in which IK has extensive experience. The business has an established track record and experienced management team, headed by GHD’s founder, Andreas Rudolph. The business has a number of attractive growth opportunities and we look forward to working with Mr Rudolph and his team to take GHD forward to the next phase of its development.”
