Hungary: Value4Capital takes stake in Doktor24

Lower mid-market Polish and central European buy-out manager Value4Capital has completed an investment in Hungarian provider of occupational and outpatient medical services Doktor24.

The investment will finance Doktor24 acquisition of two other well-known healthcare businesses in Hungary, propelling the group to one of the top positions on the local market with an expanded range of outpatient services for adults and children, inpatient orthopaedic surgery facilities and a sizeable occupational healthcare client base.

The deal includes a co-investment by Ananda Impact Ventures and a partial re-investment by the founder of Svabhedgyi, Otto Skoran.

The group’s other shareholders include Doktor24’s founders Robert Lancz and János Kóka along with the participation of several of the group’s doctors and managers.

The V4C deal team included Bill Watson, Bogdan Chirita and Jacek Pogonowski. They were advised by PWC Hungary for financial, tax and commercial due diligence and Dentons for legal diligence and transaction execution. Heal Partners of Budapest provided additional financial advisory services.