Euro healthcare private equity firm makes debut deals

The first European-based private equity firm dedicated to healthcare has completed its first two deals. The value of the deals has been estimated at €100m.

German private equity firm Baigo Capital has completed its first two deals, investing in Vanguard, a provider of support services for hospitals, and Euroeyes, a group of eye surgery clinics. The values of the deals have not been disclosed, however, an industry source told PEO that the combined value was approximately €100 million.

The firm, which was established a year ago, says it is the first European private equity company dedicated to investing in the healthcare sector. “The [healthcare] sector has strong long-term growth characteristics and defensive qualities which are highly appealing in the current market,” Marcus Bracklo, a Baigo partner, said in a statement.

The acquired firms were chosen from more than 100 investment opportunities, Bracklo said in a statement.

Vanguard provides surgical instrument sterilisation services for hospitals. Baigo plans to help fund its expansion into the UK, France, Benelux, Spain and Scandinavia.

Euroeyes was established in 1993 and currently operates 10 clinics across Germany and Denmark.

Baigo Capital closed its first fund on €100 million last year, with investment from institutional investors, insurance companies and high net worth individuals. European private bank Sal Oppenheim was among the investors.