Muzinich & Co has provided a new unitranche financing package to support Direct Healthcare Group (DHG), a portfolio company of ArchiMed – a pan-European investment firm specialising in the healthcare industry. Archimed acquired DHG in December 2019.DHG is a fully integrated developer and manufacturer of a range of innovative pressure care products designed to prevent medical issues such as pressure sores, which can lead to serious diseases. Founded in 2009, the business works with care providers in over 20 countries throughout Europe and internationally.
In May 2020, DHG acquired the Patient Handling Europe division of Swedish-listed group Handicare Group AB – the division is a specialist provider of transfer solutions that simplify mobility for patients in hospitals, acute care environments, group homes and private homes. The acquisition deepened DHG’s range of products and widened its geographical reach, putting it on course to be the leading pan-European provider of products and solutions for the care of patients with limited mobility.
“We are very pleased to be supporting ArchiMed and the first-rate DHG management team as they continue on their strategy of becoming the pan-European leader in the mobility-related medical devices and services markets,” says John Clifford, UK co-head of the Muzinich & Co private debt platform.
Muzinich & Co has recently also completed a further two new deals, providing a unitranche financing package to support Capiton’s acquisition of Healthfood 24 in Germany and financing to support Söderberg & Partners’ investment in APC Forsikringsmæglere A/S (“APC”).
Based in Leipzig, Germany, Healthfood 24 is a leading provider of high-quality premium gluten free pet food for domestic dogs and cats through its two brands Wolfsblut and Wildcat.
APC is the largest B2C pension broker in Denmark and one of the leading fintech developers in the industry, a position that Söderberg & Partners hopes to help APC further strengthen through cooperation around fintech development capabilities.