Source: http://www.value4capital.com

Doktor 24 is a leading Hungarian provider of healthcare services. V4C’s financing catalyzes the Group’s acquisition of Kastélypark Klinika and Svábhedgyi Gyermekgyógyintézet. V4C’s investment made alongside co-investor Ananda Impact Ventures.

Value4Capital, the lower mid-market Polish and central European buy-out manager, today announced the completion of an investment in the Doktor 24 group of companies (“Dr24” or the “Group”) by its V4C Poland Plus Fund (the “Fund”). Dr24 (www.doktor24.hu) is a leading Hungarian provider of occupational and outpatient medical services.

The Fund’s investment will finance Dr24’s acquisition of two other well recognized healthcare businesses in Hungary, propelling the Group to one of the top positions on the local market with an expanded range of outpatient services for adults and children, inpatient orthopedic surgery facilities and a sizeable occupational healthcare client base.

The deal includes a co-investment by Ananda Impact Ventures and a partial re-investment by the founder of Svabhedgyi, Dr. Otto Skoran. The Group’s other shareholders include Dr24’s founders Robert Lancz and Dr. János Kóka along with the participation of several of the Group’s doctors and managers.

The V4C deal team included Bill Watson, Bogdan Chirita and Jacek Pogonowski. They were advised by PWC Hungary for financial, tax and commercial due diligence and Dentons for legal diligence and transaction execution. Heal Partners of Budapest provided additional financial advisory services.

 

About V4C

Value4Capital specialises in private equity investments in service businesses, looking for opportunities where the service has a strong local delivery component. It focuses on Poland, but selectively invests in Romania, the Baltics and the other EU member states of central Europe. Owned and managed by its partners, V4C has over 25 years of mid-market private equity experience in the region.

The Fund, which held its final closing in July 2019, benefits from financial backing from the European Union under the European Fund for Strategic Investments (EFSI), set up under the Investment Plan for Europe. The Polish Growth Fund of Funds (PGFF) is also an indirect investor in the Fund. The PGFF is an initiative created by cooperation between BGK (Bank Gospodarstwa Krajowego in Polish) and the European Investment Fund.

Contact Bill Watson, Partner +352 288 618 50 bill.watson@value4capital.com