CapMan divests Curato to Altor
(Thomson Reuters ONE) -
CapMan Press Release 16.9.2013 at 09.00 a.m. EEST
CapMan divests Curato to Altor
Funds managed by CapMan have signed an agreement to sell Curato AS, a leading
provider of medical imaging services in Norway, to Altor Fund III.
Curato provides medical imaging (radiology) services in Norway and its main
customers are the Regional Health Authorities, as well as health insurance
companies and private individuals. The company has a nationwide network of 12
clinics and a patient flow of more than 300 000 patients annually. Curato's
annual turnover reached approx. ?53 million in 2012 and currently employs some
220 people.
"We have achieved the strategic objective set for the investment - to build a
leading medical imaging service provider in Norway. The acquisition of the
Telemark Røntgen group in 2007 and the merger with Sentrum Røntgeninstitutt in
2008 made the basis for the new company with an unmatched geographical coverage
and market position in Norway. Another important development of Curato was
successful completion of agreements with all Regional Health Authorities in
Norway," says Hans Tindlund, Partner at CapMan Buyout and responsible for the
investment.
"During CapMan's ownership we have modernized our equipment park and established
service offering in three new locations. Today Curato is an important health
care actor offering high quality radiology services to both the public health
care sector and private patients. We have also gained significant economies of
scale and productivity improvements through investing in state of the art
medical imaging technology and through establishing centralized support
functions. We are confident that Altor as a new owner will bring additional
competences for a successful continuation of the company's development," says
Hans Olav Almaas, Chairman of Curato.
"The cost of radiology services is significantly lower in Norway than in other
Nordic or European countries, and far lower when performed by Curato than in the
public domain in Norway. Curato, as the market leader, has been instrumental in
driving this through its great people, efficient operations and modern
infrastructure, saving the public health authorities considerable amounts while
at the same time increasing service towards patients. We therefore believe that
private players will increase their share of radiology services going forward.
We also see possibilities of growing Curato into related services as well as
beyond Norway over the next years," says Reynir Indahl, Partner in Altor Equity
Partners.
The transaction is expected to be finalised by the end of October 2013. Funds
managed by CapMan made the initial investment in Curato in 2007.
For more information, please contact:
Hans Tindlund, Partner, CapMan Buyout, tel. +47 92 66 99 66
Hans Olav Almaas, Chairman, Curato AS, tel. +47 91 71 03 05
Reynir Indahl, Partner, Altor Equity Partners, tel. +47 90 69 11 13
CapMan Buyout
CapMan Buyout is the largest investment team in the Nordic region, specialized
in unlisted Nordic mid-market companies in various industries. The team has 23
years of experience and includes 20 people in Finland, Norway and Sweden. Since
1989, the team has made 69 investments and 49 exits and currently invests from
its 10(th) fund, CapMan Buyout X, which is in active investment phase.
CapMan Buyout is part of CapMan Group, a leading private equity firm in the
Nordic countries and Russia, with assets under management of ?3.3 billion.
CapMan has five key investment partnerships - CapMan Buyout, CapMan Russia,
CapMan Credit, CapMan Public Market and CapMan Real Estate - each of which has
its own dedicated investment team and funds. Altogether, CapMan employs 105
people in Helsinki, Stockholm, Oslo, Moscow and Luxembourg. For more
information, please visit www.capman.com
Altor Funds
Altor Equity Partners act as investment advisor to the Altor funds. Since
inception, the Altor funds have invested in close to 40 companies with a
committed capital of EUR 3,800 million. The investments have been made in Nordic
mid-cap companies with focus on value creation through growth initiatives and
operational improvements. Among the investments are Lindorff, Helly Hansen, AGR,
Eltek, Norsk Gjenvinning, SPT Group, Navico, Constructor and Elixia. For more
information, please visit www.altor.com.
Curato AS
Curato is a leading provider of medical imaging services in Norway. Its main
customers are the Regional Health Authorities, as well as health insurance
companies and private individuals. Curato has a nationwide network of 12 clinics
and employs approx. 220 people. For more information, please visit
www.curato.no.
This announcement is distributed by Thomson Reuters on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: CapMan Oyj via Thomson Reuters ONE
[HUG#1729310]
Unternehmensinformation / Kurzprofil:
Datum: 16.09.2013 - 08:05 Uhr
Sprache: Deutsch
News-ID 296728
Anzahl Zeichen: 5736
contact information:
Town:
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Kategorie:
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