Lemongrass Communications AG / Key word(s): Mergers & Acquisitions/Disposal
20.04.2022 - London: Telemos Capital ("Telemos") has signed an agreement to sell Sanoptis, a leading European ophthalmology services group, to family-backed investment holding company Groupe Bruxelles Lambert ("GBL").
Since Telemos partnered with Sanoptis management to establish the company in 2018, it has developed into a leading provider of high quality and innovative ophthalmology treatments in Europe. Today, the company operates over 250 facilities and performs over 1.3 million conservative and 170,000 surgical procedures annually. Over the past few years Sanoptis has rapidly grown into a market leader in Germany and Switzerland through acquisitions and organic initiatives.
The transaction announced today ensures that Sanoptis will continue to get the support needed for the next phase of the company's growth across Europe.
Jacob Polny, Chief Investment Officer, and Dipesh Mahtani, Vice President, of Telemos add: "We would like to thank Sanoptis' management team for the successful partnership in founding and developing the company into a differentiated market leader. We wish the company and team all the best for the next chapter of growth."
Volker Wendel, CEO of Sanoptis concludes: "In just a few years we have become a leading European platform for ophthalmology services. This would not have been possible without our partnership with Telemos, and we thank the Telemos team for its great support. The management team is excited to continue on this path together with GBL, while increasing its stake in the company by way of a substantial re-investment."
The Sanoptis transaction is expected to close in the coming months. Telemos was advised by Rothschild & Co (M&A), Linklaters, Mazars and Homburger (Legal), EY (Financial and Tax), and Bain & Co (Commercial).
Andreas Hildenbrand, Lemongrass Communications
Sanoptis is a leading European ophthalmology services group, delivering approximately €300 million of revenue in 2021. Founded in 2018, Sanoptis partners with leading ophthalmologists to deliver on the organic and inorganic growth opportunities within the market. The company covers the full spectrum of diagnostic and surgical ophthalmic treatments, with over 250 facilities across Germany and Switzerland. Please visit www.sanoptis.com for more information.
About Telemos Capital
Telemos comprises a team of highly experienced investment professionals that combine the best of private equity and permanent capital. Founded in 2017, Telemos identifies and supports exceptional management teams in consumer goods, healthcare services, and business services to help them realise their long-term objectives. As a flexible and nimble investor, Telemos' distinct structure and expertise make it a leading, new generation European private equity firm, looking to identify and unlock attractive opportunities for growth and value creation. Please visit www.telemoscapital.com for more information.
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