Montagu Private Equity (“Montagu”), a leading European private equity firm, announces today that it has entered exclusive negotiations with Symphony Technology Group and Maincare’s management for the potential acquisition of Maincare.
Over the past twenty years, Maincare Solutions, which specialises in electronic patient records and hospital administration software, has become the main software solutions provider for the healthcare sector in France. Thanks to the Ideo software platform, Maincare has also started its international expansion with its first clients in Luxemburg. Maincare generated sales of €69m over its last 2017 fiscal year with growth of about 10%, it has close to 600 employees.
Christophe Boutin, President of Maincare, said:
“Since becoming independent from McKesson in 2014, Maincare has been structured as an independent company and combined long-term organic growth with focussed acquisitions. Over the next years, Maincare intends to support healthcare’s digitalisation, within hospitals and beyond. We also plan to accelerate our international expansion, having confirmed our potential abroad. To achieve this, our new partnership with Montagu’s team based in Paris, which has substantial experience in these areas, will be a key advantage”
The contemplated transaction remains subject to the approval of relevant regulatory authorities. Bryan Garnier and Linklaters advised Montagu on the transaction.