News Article

A consortium of Swiss Life Asset Managers and Vesper Next Generation Infrastructure Fund I has reached a binding agreement to buy a majority stake in Germany-based diagnostic imaging specialist RAD-x from specialised healthcare investor Gilde Healthcare.

Candesic provided commercial due diligence to Swiss Life Asset Managers and Vesper Next Generation Infrastructure Fund I.

Candesic Managing Partner Dr Leonid Shapiro said: “Diagnostics is increasingly becoming a critical function to decreasing waiting lists and improving the health of the population. It is a vital gateway to treatment and growing in demand much faster than population growth. Candesic is proud to have helped secure investment in a major player in Germany, and this adds to our experience in radiology across many European countries.”

Gilde Healthcare invested in and set-up RAD-x Group as a single clinic in 2016 alongside its founders. It has grown into a pan-European operator with 23 sites, more than 130 doctors and 750 staff across Germany and Switzerland, now performing more than 400,000 examinations annually.

RAD-x has been a market consolidator and expects to further broaden its radiology platform across Europe under the new ownership. The transaction is subject to customary regulatory approvals and is expected to close mid-2024.

Arthur Vogt and Fabian Groß, co-CEOs of RAD-x, said: “We are excited to welcome Swiss Life Asset Managers and Vesper Next Generation Infrastructure Fund I as our new partners who share our vision of high quality and best available diagnostic care for our patients as well as a successful future for our amazing employees. On behalf of the entire RAD-x team, we would like to thank the team at Gilde Healthcare for their support since the beginning of this exciting journey.”

Jasper van Gorp, managing partner of Gilde Healthcare, said: “We are proud of what we achieved in the past years, creating a leading platform in the diagnostic imaging space by consistently expanding the business. We would like to thank RAD-x management and staff for a great cooperation and wish them all the best for their further growth plans together with the new owners.”