Investcorp establishes platform to enter German dental sector
(5/16/2018 8:39:00 AM)
Investcorp, a leading global provider and manager of alternative investments, on Tuesday announced that it has established a platform to enter the highly fragmented German dental sector.
As its initial investment, Investcorp has acquired Privatzahnarztklinik Schloss Schellenstein (PSS), one of the leading centres for implantology and dental surgery, which attracts both domestic and international patients and is based in North Rhine-Westphalia, Germany.
PSS employs around 40 people including dentists, dental nurses and technicians and is led by Professor Dr Fouad Khoury. The deal follows Investcorp’s recent acquisition of Acura Kliniken, a licensed hospital in Albstadt, Germany.
Following the acquisition of PSS, the platform intends to make further investments in the highly-fragmented German dental market as part of a wider consolidation strategy. With a 30-year track record of building and growing quality businesses, a key tenet of the strategy is a commitment by Investcorp to fund future investment in accessible and qualitycare delivered across the dental market across Germany.
Commenting on the investment, Harsh Shethia, Managing Director at Investcorp in Oman, said: “The launch of this platform investment is an exciting milestone for Investcorp in Germany. Our experience in the market has allowed us to identify growth opportunities in the German dental sector, and through the PSS and Acura Kliniken acquisitions, we have already started setting the foundations for a successful dental business in the country." "We look forward to embarking on this new journey as we continue to explore further strategic acquisitions and partnerships for the business,” he added.
Times of Oman