Healthcare

Duomed

A key supplier of medical devices with a focus on ‘minimal invasive surgery’ in the Benelux region

May 2017
Investment Date
Belgium
Country

Business Overview

  • Founded in 1993 and is a key supplier of medical devices with a focus on ‘minimal invasive surgery’ in the Benelux region
  • Distributes over 19,000 different products and accessories for the abdominal surgeon, gynaecologist, urologist and plastic surgeon

  • Attractive market share serving >95% of hospitals in Belgium and Luxembourg, and c.90% of hospitals, private clinics and other medical organisations in the Netherlands
  • Demonstrates strong growth prospects with a successful history of executing a buy and build strategy in a fragmented market. The company has a robust pipeline of potential acquisitions going forward

Investment Thesis

  • Differentiated proposition with a focus on delivering innovative new products

  • Longstanding client relationships with unmatched market penetration serving hospitals and clinics across Belgium, Luxemburg and the Netherlands

  • Strong market fundamentals due to the ageing population

  • Non-cyclical business with high and recurring cash generation
  • Attractive growth opportunities through further buy and build acquisitions

Origination

  • The deal was originated through a strong relationship with the sponsor, G Square

  • PCS3 acted as sole lender to the company

www.duomed.com