Vision Healthcare Acquires Svenskt and New Care, Leading Providers of High-Quality Supplements in Sweden and the Netherlands

admin November 20, 2025

NEW YORK, November 20, 2025 — Vision Healthcare (“Vision”), a fast-growing European consumer healthcare platform, recently completed acquisitions of Svenskt Kosttillskott (“Svenskt”), a leading Swedish e-commerce player for health and nutrition products, and New Care Supplements BV (“New Care”), a Dutch health supplement brand. Vision is a portfolio company of Avista Healthcare Partners (“Avista”), a leading middle-market healthcare private equity firm with expertise in building growth-oriented healthcare businesses. The terms of the transactions were not disclosed.

Svenskt is one of Sweden’s leading providers of nutritional supplements, sports nutrition, and health-related products, known for quality, innovation, and strong e-commerce execution. The acquisition strengthens Vision’s presence in the Nordics and broadens Vision’s product offering, while creating opportunities to realize synergies with Vision’s pan-European logistics, marketing and innovation capabilities.

Yvan Vindevogel, Chairman of the Executive Committee of Vision, says, “This acquisition is a strategic step forward for Vision, and our digital-first consolidation of the highest e-commerce penetrated region in Europe. Svenskt’s deep local expertise and digital route-to-market, strong brand equity, and customer-centric approach align perfectly with our vision to further consolidate our position as a leading player in the European Consumer Healthcare space.”

New Care is a Dutch provider of vitamins, minerals, and nutritional supplements with a deep presence in independent health & drugstores. The company focuses on clear formulations, thorough quality control and clean products to support various health needs, from daily multivitamins and beauty supplements to digestion and muscles, bones and joints. The acquisition deepens Vision’s presence in the Netherlands and will accelerate New Care’s growth across digital channels.

Geert Cools, CEO of Vision, says, “We have admired New Care’s comprehensive portfolio of premium, trusted products and look forward to strengthening our partnership with the New Care team. We are excited to leverage our digital expertise to support New Care’s next phase of growth as we continue to make high-quality self-care products more accessible throughout Europe.”

The acquisitions of New Care (closed in June 2025) and Svenskt (closed in July 2025) represent Vision’s seventh and eighth add-on acquisitions since Avista’s initial investment in June 2020.

About Svenskt

Founded in 2005, Svenskt Kosttillskott is a leading Swedish e-commerce provider of high-quality health and nutrition products. The company enjoys a loyal consumer base and is known for offering one of the broadest assortments of supplements in the Swedish market, serving customers nationwide. With a focus on expertise, transparency, and performance, Svenskt Kosttillskott delivers reliably sourced products across supplements, activewear, food, beauty, and wellness. Its products are trusted by everyday consumers as well as professional and national-team athletes.

About New Care

New Care is a trusted Dutch healthcare platform offering comprehensive nutraceutical products and personalized customer service to health-conscious consumers throughout the Netherlands. New Care was founded 25 years ago by Frank Menue and has focused on becoming a beacon of quality in the nutraceuticals space in the Dutch Health & Drug market.

About Avista Healthcare Partners

Avista Healthcare Partners, founded in 2005 by Thompson Dean and David Burgstahler, is a leading New York-based private equity firm with over $10 billion invested in more than 50 growth-oriented healthcare businesses globally. Avista partners with businesses that feature strong management teams, stable cash flows and robust growth prospects – targeting healthcare product and technology businesses with clear scale potential across four sub-sectors experiencing strong tailwinds. The team is supported by a group of seasoned Strategic Executives enhancing the entire investment process through strategic insight, long-term value and sustainable businesses. For more information, visit www.avistahealthcare.com or follow Avista on LinkedIn.

About Vision Healthcare

Vision Healthcare is a fast-growing, pan-European, digital-first omni-channel consumer healthcare platform empowering consumers to enhance their personal health and wellbeing across a proprietary portfolio of VMS, Nutraceuticals, Beauty & Slimming and Personal Care Products. The company is focused on digital and direct-to-consumer marketing & sales channels with a one-stop-shop ecosystem supporting direct-to-consumer and B2B retail orders across brands, channels and geographies. Vision Healthcare is significantly invested in the development of its Digital Hub, an end-to-end shared in-house resource, centralizing all e-commerce and e-marketing activities to support growth across the group. Vision Healthcare is a consolidator in the still deeply fragmented European D2C healthcare space, having completed & integrated 15+ acquisitions, with the capability to effectively support and grow any existing company or standalone brand. For more information, visit https://www.visionhealthcare.eu/.

Categories: News

Tags: healthcare

EQT Foundation invests in Milvus Advanced to enable greener, cheaper catalysts for the energy transition

admin November 20, 2025

EQT Foundation invests €200,000 in Milvus Advanced, a UK-based startup developing nanomaterials to replace rare metals in clean energy technologies.

Milvus’s proprietary platform creates alternatives to platinum group metals (PGMs), reducing catalyst costs for low-carbon fuels and green hydrogen production by up to 70%.

The investment aligns with EQT Foundation’s mission to back frontier technologies that accelerate decarbonization and make the green transition more affordable and scalable.

The EQT Foundation has joined a £5 million Seed round in Milvus Advanced, a UK-based startup pioneering novel nanomaterials that can replace scarce and costly metals in clean energy systems. The round was led by Hoxton Ventures, with EQT Foundation contributing €200,000.

As the global race to decarbonize accelerates, so does the demand for rare metals that underpin green technologies. Electrolyzers, essential for producing green hydrogen and other low-carbon fuels, rely on catalysts made primarily from platinum group metals (PGMs), such as platinum and iridium. These materials account for up to 40% of electrolyzer stack costs, and with mine supply constrained, the industry faces growing price volatility and shortages.

Milvus Advanced has developed a platform technology that creates highly efficient alternatives to PGMs using abundant elements such as copper, nickel, and iron. Its proprietary nanomaterials not only match but in some cases outperform traditional PGM-based catalysts, offering equivalent performance at roughly 1% of the cost. This breakthrough has the potential to unlock a $10 billion addressable market while accelerating the scale-up of clean energy systems.

Founded by a materials scientist with a PhD from Oxford University, Milvus is moving from lab validation to early commercialization. The company’s technology has already attracted attention from leading industrial players which has tested early product batches.

The Seed round will provide runway through 2026 and enable Milvus to scale production, conduct extensive validation, and build a world-class technical and commercial team. The company’s main challenge now lies in scaling its manufacturing processes while maintaining performance and cost advantages, an area where EQT’s industrial and infrastructure expertise can add significant value.

Through EQT Foundation’s network, Milvus will have access to potential industrial partners and customers across the EQT Platform, including players in hydrogen production and energy infrastructure such as Air Liquide, SunGreenH2, Bekaert, Nel Hydrogen, and Plug Power.

Cilia Holmes Indahl, CEO EQT Foundation: “Milvus Advanced represents the kind of scientific ingenuity the energy transition needs. They ‘teach’ abundantly available metals to replicate the high-performing functionalities of metals like platinum and iridium that are scarce, but also essential for scaling green technologies.”

Assia Kasdi, CEO of Milvus Advanced: “What if the periodic table did not limit us? We are rewriting the elemental rules: our technology offers a clear path to scale low-carbon solutions without relying on rare materials. This funding from EQT Foundation, and its network, further fuels our mission to scale production, grow our team, and bring our metal substitutes to industries building the next generation of climate solutions.”

Contact

EQT Press Office

press@eqtpartners.com +46 8 506 55 334

About EQT

EQT is a purpose-driven global investment organization focused on active ownership strategies. With a Nordic heritage and a global mindset, EQT has a track record of more than three decades of developing companies across multiple geographies, sectors and strategies. EQT has investment strategies covering all phases of a business’ development, from start-up to maturity. EQT has €‌267‌ billion in total assets under management (€139‌ billion in fee-generating assets under management) as of 30 September 2025, within two business segments – Private Capital and Real Assets.

With its roots in the Wallenberg family’s entrepreneurial mindset and philosophy of long-term ownership, EQT is guided by a set of strong values and a distinct corporate culture. EQT manages and advises funds and vehicles that invest across the world with the mission to future-proof companies, generate attractive returns and make a positive impact with everything EQT does.

The EQT AB Group comprises EQT AB (publ) and its direct and indirect subsidiaries, which include general partners and fund managers of EQT funds as well as entities advising EQT funds. EQT has offices in more than 25 countries across Europe, Asia and the Americas and has more than 1,900 employees.

More info: www.eqtgroup.com
Follow EQT on LinkedIn, X, YouTube and Instagram

About EQT Foundation

EQT Foundation is a philanthropic organization and long-term shareholder of the global investment organization EQT, founded by partners at EQT. The Foundation supports scientists and entrepreneurs bringing breakthrough solutions from lab to market, combining EQT’s expertise with catalytic investments and grants. With a focus on supporting scientific progress in underfunded areas of climate and health, the Foundation provides a learning platform for EQT employees to develop and work collaboratively across the globe, while engaging in philanthropy and making a positive impact.

About Milvus Advanced

Founded in Oxford, Milvus designs next generation of low-cost nanomaterials that replace some of the world’s most scarce and strategic materials in clean energy, catalysis and optoelectronics. By leveraging widely available elements and proprietary materials engineering, Milvus catalyzes a future where the energy transition is not only possible but elemental.

Website

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Tags: Energy Transition

Hg agrees sale of Intelerad to GE HealthCare in $2.3 billion transaction

admin November 20, 2025

Hg, the leading investor in European and transatlantic software, services, and data businesses, today announced that it has agreed the sale of Intelerad, a global leader in medical imaging software solutions, to GE HealthCare in a transaction valued at approximately $2.3 billion. As a result of the transaction, Hg will fully exit its majority shareholding in Intelerad. TA Associates and Ardan Equity, will also exit minority positions in the business.

Together, GE HealthCare and Intelerad will empower radiologists and clinicians to work more efficiently, by streamlining imaging workflows and enabling greater diagnostic throughput. The combined organisation aims to enhance productivity and patient outcomes through a connected, cloud-enabled offering that unites imaging data across healthcare settings and provides clinicians with actionable insights at the point of care.

As GE HealthCare continues to accelerate its digital transformation, Intelerad will support this, bringing deep expertise in developing and embedding AI within their enterprise imaging solutions. This shared commitment to innovation strengthens GE HealthCare’s position as a digital leader, enhancing operational efficiency and clinical integration across care environments.

Hg partnered on the original Intelerad investment with Ardan Equity. During Hg’s ownership, Intelerad has increased its revenue by over 3.5 times, transforming it into one of the world’s leading enterprise imaging platforms. The business now serves 1,500+ global customers, supports over 230 million exams per year, and manages 8 billion medical images across its network.

Jordan Bazinsky, Chief Executive Officer at Intelerad, said: “This marks an exciting new chapter for Intelerad and our customers. By joining GE HealthCare, we can combine our innovative, cloud-based imaging solutions with GE’s global reach and scale. We’re grateful to Hg for their strategic support over the past five years. Together we’ve made major strides in product innovation, executed eight acquisitions, and expanded into new customer segments. This has given us a strong foundation for this next step in our journey with GE Healthcare as we accelerate our vision for a truly connected ecosystem for clinicians and improve patient care through smarter, faster, and more collaborative technology.”

Hg has also supported Intelerad across product innovation – including the launch of InteleGence, Intelerad’s AI platform; eight strategic acquisitions – substantially broadening its product suite into a comprehensive enterprise imaging platform that includes radiology, cardiology, mammography, image exchange, and image storage; and with investment in Intelerad’s leadership and operational scale – recruiting and strengthening the management team and enabling the company’s next phase of growth.

Hector Guinness and Laura Grattan, Partners at Hg, commented: “Our partnership with Intelerad has been an outstanding journey of innovation, growth, and leadership in healthcare technology. We are incredibly proud of what the team has achieved and are confident that joining GE HealthCare will allow Intelerad to continue expanding its impact on global healthcare delivery.”

Dr Katherine Wiles, Principal at Hg, added: “The digital transformation of healthcare is accelerating, driven by intelligent software that connects clinicians, patients, and data. Intelerad has been at the forefront of this shift, enabling faster, more informed clinical decisions through innovation and integration. I’m delighted to have supported that mission and I’m excited to see how the combination of Intelerad’s imaging software expertise and GE’s commitment to innovation continues to drive improved patient outcomes.”

For GE HealthCare, Evercore is serving as financial advisor and Sidley Austin LLP as deal counsel. For Intelerad, UBS Investment Bank is serving as exclusive financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP as deal counsel.

For further information, please contact:

Hg
Tom Eckersley, tom.eckersley@hgcapital.com
Sam Ferris, sam.ferris@hgcapital.com
Brunswick, Hg@brunswickgroup.com

About Intelerad

Intelerad is one of the leading medical imaging software platforms for the healthcare industry. More than 1,500 healthcare organizations around the world rely on Intelerad products to manage patient data, improve imaging efficiency and quality, and elevate patient outcomes. For more information on Intelerad and its leading technology solutions, visit intelerad.com or follow the company on LinkedIn.

About Hg

Hg is the leading investor in European and transatlantic software and services businesses. We help to build sector-leading enterprises that supply critical software applications or workflow services to deliver intelligent automation for their customers.

We take an active approach to value creation, combining deep end-market knowledge with world class operational resources to provide compelling support to entrepreneurial leaders looking to scale enduring businesses.

With a vast European network and strong presence across North America, Hg has approximately $100 billion in assets under management and more than 400 employees. Our portfolio spans more than 55 companies worth over $185 billion in aggregate enterprise value, employing more than 130,000 people and consistently growing revenues at more than 20% annually.

Categories: News

Tags: healthcare

Bain Capital GSS Investment Corp. Announces the Separate Trading of its Ordinary Shares and Warrants Commencing

admin November 20, 2025

Boston, Massachusetts – November 20, 2025 – Bain Capital GSS Investment Corp. (NYSE: BCSS.U) (the “Company”), a blank check company, today announced that, commencing November 20, 2025, holders of the units sold in the Company’s initial public offering may elect to separately trade shares of the Company’s Class A ordinary shares and warrants included in the units.

No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The Class A ordinary shares and warrants that are separated will trade on the New York Stock Exchange under the symbols “BCSS” and “BCSS.W,” respectively. Those units not separated will continue to trade on the New York Stock Exchange under the symbol “BCSS.U.” Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into Class A ordinary shares and warrants.

Bain Capital GSS Investment Corp. is a newly organized blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. The Company intends to target companies with compelling, defensible business models that provide a growth platform with substantial expansion potential. The Company believes that its management team is positioned to drive long-term value creation post-business combination through accelerating growth, expanding market share, improving operational efficiency and enhancing profitability through strategic and operational support.

A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on September 29, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Cautionary Note Concerning Forward Looking-Statements

This press release contains statements that constitute “forward-looking statements.” Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s registration statement and final prospectus for the Company’s initial public offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Investor Contact: bcss-spac@baincapital.com

Categories: News

La Caisse and Investissement Québec drive the growth of the Honco Group

admin November 19, 2025 No Comments

The Honco Group, a Québec leader in steel processing, enters a new phase of growth with equity investments from La Caisse and Investissement Québec. This announcement consolidates the Québec ownership of the Honco Group, while accelerating its Canadian and international expansion, in line with the vision that has guided its development for more than 50 years.

La Caisse, which led this transaction, and Investissement Québec are both acquiring a minority stake in the Honco Group. The company’s management team is also joining its shareholders.

The move is part of an ambitious strategy to strengthen the Honco Group’s position as a key player in steel processing. The company is leveraging its diverse areas of expertise, modern manufacturing facilities and market diversification to support its growth. This model is based on six specialized business units: Honco Buildings (general contractor specializing in designing, manufacturing and installing prefabricated steel buildings), Sturo Métal (structural steelwork manufacturing and installation), Supervac (vacuuming and hydro excavation equipment design and manufacturing), Garex (garage door manufacturing), Ridge Nassau (garage door hardware manufacturing) and Métalec (commercial and industrial steel door and frame manufacturing). The Honco Group’s business units employ nearly 500 professionals.

“We are delighted to have the support of outstanding partners such as La Caisse and Investissement Québec as we embark on this new phase of growth for the Honco Group,” said Francis Lacasse, President and CEO of the Honco Group. “These major investments are a significant turning point for our family business. They give us the means to achieve our ambitions as a leading player in steel processing in Canada while remaining true to our values.”

“La Caisse is proud to partner with the Honco Group and the Lacasse family to support this leading Québec manufacturing company’s expansion. This milestone marks an important step in our approach to value creation and will help accelerate business unit growth, both in Canada and in global markets,” said Kim Thomassin, Executive Vice-President and Head of Québec at La Caisse.

“The Honco Group is a key player in Québec’s steel industry and enjoys a leading market position. Investissement Québec is investing in this company to help consolidate its footing in Québec and give it the momentum it needs to step up its exports across Canada and internationally. This concrete support illustrates the strategic role that Investissement Québec intends to play to stimulate the growth of companies in key sectors of our economy,” said Bicha Ngo, President and CEO of Investissement Québec.

ABOUT THE HONCO GROUP

The Honco Group is comprised of Québec-based companies that specialize in processing steel for the building industry and manufacturing construction and environmental products. It owns and operates several manufacturing facilities serving over 600 clients from the private, public, and institutional sectors across Canada, the United States and over 20 countries around the world. For more information, visit groupehonco.com and the company’s LinkedIn page.

ABOUT LA CAISSE

At La Caisse, formerly CDPQ, we have invested for 60 years with a dual mandate: generate optimal long term returns for our 48 depositors, who represent over 6 million Quebecers, and contribute to Québec’s economic development.

As a global investment group, we are active in the major financial markets, private equity, infrastructure, real estate and private credit. As at June 30, 2025, La Caisse’s net assets totalled CAD 496 billion. For more information, visit lacaisse.com or consult our LinkedIn or Instagram pages.

La Caisse is a registered trademark of Caisse de dépôt et placement du Québec that is protected in Canada and other jurisdictions and licensed for use by its subsidiaries.

ABOUT INVESTISSEMENT QUÉBEC

Investissement Québec’s mission is to play an active role in Québec’s economic development. The Corporation’s services are designed to spur productivity, innovation, market development and the competitiveness of Québec businesses. To that end, Investissement Québec supports them at every stage of their growth with financing, as well as assistance with business consulting, technological transformation, and workforce strategies. In addition, through Investissement Québec International, the Corporation also provides concrete support for businesses’ export activities and conducts prospecting activities to attract foreign investment to Québec.

– 30 –

For more information

Media contact+1 514 847-5493 (Québec/Canada)medias@lacaisse.com

Isabelle Fontaine

Directrice principale, Médias et affaires gouvernementales

Investissement Québec

438 622-4087

medias@invest-quebec.com

Categories: News

Tags: Steel

Avista Healthcare Partners Acquires PK Benelux

admin November 19, 2025

New York, November 19, 2025 – Avista Healthcare Partners (“Avista”), a leading private equity firm focused exclusively on healthcare, has completed the acquisition of PK Benelux (“PK” or the “Company”), a leading player in vitamins, minerals, and supplements (“VMS”) in the Netherlands.

Founded in 1985 and based in Uden, PK is the #1 VMS supplier in the Netherlands. Its flagship brand, Lucovitaal, has been the fastest-growing brand in the country for five years. Owned by its second-generation founders, Albert Peters and Angela Steenbergen-Peters, the Company offers the highest quality, highest value branded product assortment across nearly all VMS categories. PK develops and markets vitamins, minerals, other supplements, and other health products for distribution primarily across drugstores and pharmacies in the Netherlands. PK also supplies white label and private label medical devices to more than 30 countries.

This acquisition reinforces Avista’s position as a leading consumer healthcare investor across North America and Western Europe. It marks Avista’s seventh platform investment in the sector and leverages its proven founder partnership model. Avista’s track record of growing businesses alongside founders was key to establishing the partnership with PK Benelux. The collaboration is further strengthened by Avista’s robust network of seasoned executives. Notably, this investment also represents Avista’s third partnership with Yvan Vindevogel and his family office, the Damier Group.

About Avista Healthcare Partners

Founded in 2005, Avista Healthcare Partners is a leading New York-based private equity firm with over $10 billion invested in 51 growth-oriented healthcare businesses globally. Avista partners with businesses that feature strong management teams, stable cash flows and robust growth prospects – targeting healthcare product and technology businesses with clear scale potential across six sub-sectors experiencing strong tailwinds. The team is supported by a group of seasoned Strategic Executives enhancing the entire investment process through strategic insight, long-term value and sustainable businesses. For more information, visit www.avistahealthcare.com or follow Avista on LinkedIn.

About PK Benelux

PK Benelux is a consumer health company democratizing healthy living through the Lucovitaal brand and licensing of medical devices. PK Benelux is best known for its Dutch brand Lucovitaal®, recognized for being “powerful and affordable.” The company develops and markets vitamins, minerals, supplements, and other health products for distribution across drugstores, pharmacies, and online in the Netherlands, and supplies white label and private label medical devices to more than 30 countries. For more information, visit https://peterskrizman.com/.

Categories: News

Tags: healthcare

EQT Foundation backs Trellis Climate to accelerate first-of-a-kind projects

admin November 18, 2025

EQT Foundation grants €500,000 to Trellis Climate, a catalytic capital program by Prime Coalition accelerating first-of-a-kind (FOAK) climate projects.

The partnership advances EQT Foundation’s Breakthrough Scale program, which backs innovative models that make high-impact climate technologies investable at scale.

EQT Foundation has awarded a €500,000 grant to Trellis Climate, an impact-first catalytic capital program developed by Prime Coalition. The support will enable Trellis to expand its work financing first-of-a-kind (FOAK) climate infrastructure projects, bridging the critical “valley of death” between early-stage innovation and commercial scale.

Climate companies, supporting technologies such as advanced solar manufacturing, green fertilizer, or carbon-negative cement, face a consistent funding gap when they build FOAK projects. FOAK projects are often too large for traditional venture investors, yet too risky for project finance. Trellis addresses this bottleneck by deploying philanthropic catalytic capital to derisk these projects and unlock mainstream investment.

EQT Foundation’s grant and EQT’s in-kind support will strengthen Trellis’s operational capacity and support the design of its next pilot investments.

Trellis builds on Prime Coalition’s decade of experience channeling catalytic capital into climate innovation. Its catalytic investments have already demonstrated powerful leverage effects: its investment into solar company Tandem PV helped unlock critical non-dilutive financing for the company’s first manufacturing facility, while its funding for Nitricity’s first-of-a-kind green fertilizer project accelerated its path to commercial production and helped the company secure its subsequent $50 million Series B round.

Beyond project financing, Trellis also strengthens the systems around climate deployment, developing insurance tools for early technologies, publishing open-source field guides such as the Resources for FOAK Project Preparation & Development (1), and building frameworks for community engagement and equitable project design.

Cilia Holmes Indahl, CEO EQT Foundation: “Trellis Climate shows how philanthropy can move markets. By derisking first-of-a-kind projects, they are paving the way for commercial capital to scale solutions that matter most for people and planet.”

Lara Pierpoint, Managing Director of Trellis Climate: “We’re thrilled to partner with EQT Foundation as we continue to build and scale Trellis Climate. The support of forward-leaning philanthropies like EQT with deep investment expertise is critical to our work advancing climate infrastructure and to the broader climate ecosystem.”

1 ttps://www.primecoalition.org/research/resources-for-foak-project-preparation-and-development