Ardian Private Debt and EQT Credit have provided financing to back Hg‘s investment in MediFox, a provider of software solutions to over 6,000 ambulatory care services, elderly care homes and therapists in Germany. No financial terms were disclosed.
Frankfurt, May 11, 2018. Ardian Private Debt and EQT Credit, through its Mid-Market investment strategy, today announce they have provided a senior secured financing solution to support Hg’s (“Hg”) investment in MediFox.
Founded in 1994, MediFox is a leading provider of software solutions to over 6,000 ambulatory care services, elderly care homes and therapists in Germany. Its software solutions support care providers with key services including resource and route planning, care and support documentation, management information systems, as well as billing, factoring and administration services. It is headquartered in Hildesheim, Germany and employs 265 people.
Mark Brenke, Managing Director & Co-Head Ardian Private Debt, said: “As a financing partner, we are delighted to be supporting the MediFox management team of Christian Städtler and Dr. Thorsten Schliebe together with Hg who have a strong track record of investing in technology-enabled B2B service businesses. MediFox is the leading software provider in the German care services market, leveraging its proprietary technology platform to support the digitalisation of the care services segment”.
Ardian is a world-leading private investment house with assets of US$67bn managed or advised in Europe, North America and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base. Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.
Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 500 employees working from thirteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), North America (New York, San Francisco) and Asia (Beijing, Singapore, Tokyo). It manages funds on behalf of c.700 clients through five pillars of investment expertise: Private Debt, Fund of Funds, Direct Funds, Infrastructure and Real Estate.