Wednesday 18 July 2018
 
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Mohammed Al-Shroogi

Investcorp to enter German dental sector

MANAMA, May 15, 2018

Bahrain-based Investcorp, a leading global provider and manager of alternative investments, has 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 GmbH (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 quality care delivered across the dental market across Germany.

Mohammed Al-Shroogi, Investcorp’s co-CEO, said, “We are very excited about this platform investment in Germany which is one of our core markets in Europe. Having followed the development of the retail healthcare sector for a number of years, we believe now is the right time to invest in this sector in Germany.”

“We are excited about the potential to build a sizeable dental business in Germany through a buy-and-build strategy and our acquisitions of PSS and Acura Kliniken are ideal starting points to launch this initiative. We look forward to partnering with further dental practices, both large and small, in the coming months,” he added. – TradeArabia News Service




Tags: Investcorp | Germany |

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