Nordic Capital becomes
third buy-out firm to own Germany's GHD
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[June 19, 2014]
FRANKFURT (Reuters) -
Swedish private equity firm Nordic Capital agreed to buy
GHD GesundHeits GmbH Deutschland from IK Investment
Partners, becoming the third buy-out group to control
the German healthcare-services provider.
IK said it and the buyer would not disclose financial terms. People
familiar with the transaction told Reuters the price was about 500
million euros ($680 million).
IK said GHD, which had sales of 485 million euros last year, was
Germany's largest provider of home care to patients with serious
In 2010, IK bought a controlling stake in GHD from Barclays Private
Equity for 320 million euros and funded GHD's expansion into markets
such as compounding chemotherapy drugs to meet individual cancer
The sources said that by selling its stake in GHD, IK had doubled
the equity capital it had invested over close to four years, equal
to an annual return of about 20 percent.
($1 = 0.7368 Euros)
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(Reporting by Alexander Huebner; Writing by Ludwig Burger; Editing
by Larry King)
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