Healthcare: Hospital operator
Company overview:
- One of leading private hospitals operators in Poland
- Company is characterized by stable, recurring revenue (>90% revenues based on long term government contracts) with high cash conversion
Need description:
- Management needed capital to buy out passive investors
Investment overview:
- Senior financing
- 4-year maturity
- Interest split into cash and PIK component
- CVI bonds secured by shares and subsidiaries’ (hospitals) guarantees
Details
Size: EUR 5 million
Date: 2015
Financing type: senior
Use of proceeds: Management Buy-Out