16 May 2018 – 8:53
DOHA: Investcorp, a leading global provider and manager of alternative investments, yesterday announces that it has established a platform to enter the highly fragmented German dental sector.
As its initial investment, Investcorp has acquired Privatzahnarztklinik Schloss Schellenstein GmbH (PSS), one of the leading centres forimplantology 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 platformintends 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, Johannes Glas (pictured), Managing Director at Investcorp in Qatar, said: “Investcorp has a long history and an established track record of identifying growth opportunities, like PSS and Acura KlinikenAlbstadt. Through these acquisitions, and with a solid buy-and-build strategy in place, we believe we are well positioned to build a sizeable dental business in Germany.”