Press release
Paris, 26th May 2018
Maincare Solutions welcomes Montagu Private Equity as part of a majority LBO Levine Keszler advises the management of Maincare Solutions
Montagu Private Equity, a leading European private equity firm, today announced that it has entered into exclusive negotiations with Symphony Technology Group and the management team of Maincare Solutions with a view to acquiring the company.
Maincare Solutions, a longstanding specialist in patient record management and hospital administration software, has become France’s leading publisher and integrator of digital solutions for the healthcare sector over the last twenty years. Thanks to its Idéo technologies, Maincare Solutions has begun to expand internationally, having set up the E-Santé platform and the shared care file in Luxembourg, and has just won the tender for the new-generation electronic patient record (DPI) for the country’s two largest hospitals. This also enables it to address the segment of health system insurers and financiers. MGEN recently chose Maincare Solutions for its VIVOPTIM e-health programme for cardiovascular risk management.
Now mainly present in France, Maincare Solutions generated sales of €69 million in its last fiscal year 2017 with annual growth of around 10% and employs nearly 600 staff.
Completion of the transaction remains subject to regulatory and antitrust approvals.
Levine Keszler advised the management team of Maincare Solutions, headed by Christophe Boutin, Chairman of the Group.
Advice to the management team:
Legal: Levine Keszler (Serge Levine, partner; Pierre Plettener)
Tax: Cazals Manzo Pichot (Bertrand de Saint Quentin, partner; Aurélie Urvois)
Financial: Celeste Consulting (Jean-Philippe Roux-Viola)
Counsel to Montagu Private Equity:
Linklaters (Vincent Ponsonnaille, partner and Edwige Berger for corporate aspects; Edouard Chapelier for tax aspects)
Counsel to Symphony Technology Group:
Franklin (Mark Richardson, partner; Viktoriya Bukina)
About Maincare Solutions
Based in Canéjan (near Bordeaux), Maincare Solutions is the leader in e-Health in France. For almost 20 years, the group has been developing IT solutions dedicated to healthcare establishments. These solutions enable the management of patient care (admission, transfer, resource planning, care records, medical records, prescriptions, etc.) throughout the hospital (operating theatres, emergency departments, care units), the management of radiology images, administrative management and the steering of medico-economic activity. Since 2016 and the merger with IDO-in, Maincare Solutions has extended its range of services to meet the new challenges facing healthcare: developing prevention and improving patient care at every stage of their healthcare pathway thanks to Idéo technology, and accelerating the use of telemedicine with the Covalia offering. The Group now supports all players in the healthcare system – public and private establishments, GHTs, regional agencies, insurers and mutual insurers – in their digital transformation and in coordinating their actions. Nearly 1,000 establishments and GCSs, including 80% of French CHU/CHRs, already place their trust in Maincare Solutions. Already present in Luxembourg and Switzerland, the group is now looking to accelerate its international development.
For more information: www.maincare.com
About Montagu Private Equity
Montagu is one of the leading players in the European private equity market. Founded in 1968, Montagu has been active for over 45 years and has made more than 400 investments. With recognised expertise in supporting the companies in which it invests, Montagu provides management teams with significant financial resources and means to support their strategy. Montagu has also demonstrated its ability to accelerate the growth of its portfolio companies in their domestic and international markets. Montagu has over €5 billion of assets under management and invests primarily in companies operating in stable markets in Europe, with transaction values of between €100 million and €1 billion.
For more information: www.montagu.com
About Levine Keszler
Levine Keszler was founded in 2018 by lawyers from leading Parisian business firms. A boutique specialising in corporate finance, its business is now organised around five practice areas: mergers and acquisitions, private equity, stock market and finance law, financing and restructuring.
Levine Keszler has particular expertise in assisting management teams with LBOs, and coordinates the financial and tax advisers working together on these transactions.
Press contacts:
Serge Levine
slevine@levinekeszler.com
