M&A Deal Summary

Medscan Group Acquires KDL Test

On December 28, 2022, Medscan Group acquired healthcare services company KDL Test from UFG Private Equity, CapMan and The European Bank for Reconstruction and Development

Acquisition Highlights
  • This is Medscan Group’s 1st transaction in the Healthcare Services sector.
  • This is Medscan Group’s 1st transaction in Russia.

M&A Deal Summary
Date 2022-12-28
Target KDL Test
Sector Healthcare Services
Buyer(s) Medscan Group
Sellers(s) UFG Private Equity
CapMan
The European Bank for Reconstruction and Development
Deal Type Add-on Acquisition

Target

KDL Test

Moscow, Russia
KDL Test is a chain of private laboratories for medical testing which operates in one of the fastest-growing health sector segments. KDL operates a chain of nine laboratories providing medical diagnostic testing in Moscow, Kazan, Omsk, Perm, Astrakhan, Krasnodar, Volgograd, Saratov and Rostov-on-Don, as well as a chain of blood collection points. KDL Test was established in 2003 and is based in Moscow, Russia.

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Buyer(S) 1

Buyer

Medscan Group

Moscow, Russia
Category Company
Founded 2014
Sector Healthcare Services
DESCRIPTION

Medscan Group is a network of multidisciplinary medical companies. Medscan Group consists of 37 medical centers in 10 Russian regions. Medscan Group was founded in 2014 and is based in Moscow, Russia.

DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Russia) 1 of 1
Year (2022) 1 of 1

Seller(S) 3

SELLER

UFG Private Equity

Moscow, Russia

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 712M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

UFG Private Equity is a Russian private equity investment firm that also invests in the Ukraine, Belarus and Kazakhstan. UFG looks to invest $15 to $50 million in businesses valued from $20 to $400 million. The Firm does not have any industry preferences, but has a special interest in opportunities in media, IT, telecom, consumer staples, retail and infrastructure related businesses. UFG prefers acquiring controlling stakes, but will consider select minority positions. UFG Private Equity was formed in 2004 and is based in Moscow and is a unit of UFG Asset Management.

DEAL STATS #
Overall 13 of 13
Sector (Healthcare Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (Russia) 12 of 12
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-10 Russian Towers

Moscow, Russia

Russian Towers is an independent infrastructure operator, and owner of antenna mast facilities, partner of telecom operators in creation of modern telecommunication infrastructure. Russian Towers was established in 2009 and is based in Moscow, Russia.

Sell -
SELLER

CapMan

Helsinki, Finland

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 4.9B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CapMan is a private equity group focused on a variety of investments in Scandinavia and Russia. CapMan's buyout group looks to invest €20 to €70 million (€10 to €20 for mezzanine) of capital in unlisted companies generating €50 to €500 million in revenues. CapMan seeks control positions and does not have any sector preferences. CapMan was established in 1989 and has offices in Helsinki, Stockholm, Oslo, Luxembourg, and Moscow.

DEAL STATS #
Overall 40 of 43
Sector (Healthcare Services) 3 of 3
Type (Add-on Acquisition) 24 of 25
Country (Russia) 2 of 2
Year (2022) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-23 Aro Systems

Helsinki, Finland

Aro Systems is one of the leading electrical and HVAC project service contractors and technical building service and maintenance providers. The company’s services encompass the entire life cycle of properties and building technology services in new construction and renovation projects. Aro Systems was founded in 1954 and is based in Helsinki, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-23 HopLop

Vantaa, Finland

HopLop is an indoor playground chain in Europe that operates a chain of adventure parks and playgrounds for children. HopLop was founded in 2006 is based in Vantaa, Finland.

Sell -
SELLER

The European Bank for Reconstruction and Development

London, United Kingdom
Category Company
Founded 1990
Sector Financial Services
DESCRIPTION

The European Bank for Reconstruction and Development is a provider of project financing for banks, industries, and businesses.

DEAL STATS #
Overall 2 of 2
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Russia) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-12 Addiko Bank

Vienna, Austria

Addiko Bank is a Universal bank that offers unsecured personal loan products for Consumers and working capital loans for its SME customers and is largely funded by retail deposits. Addiko Bank is based in Vienna, Austria.

Sell -
Mergr

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