Milbank LLP has advised funds advised by Bregal Unternehmerkapital ("BU") on the financing of the acquisition of a majority stake in medavis GmbH ("medavis"), a leading software provider of radiological information systems (RIS).
For 25 years, medavis has offered tailored software solutions focused on imaging techniques to doctors, specialist medical personnel and patients providing access to innovative networking opportunities such as telematics infrastructure. In recent years, medavis has grown much more dynamically than the market as a whole and has therefore been able to further expand its market leadership position.
The new partnership with the two founders Jörg Dittrich and Elmar Kußmaul, who have retained significant stakes following this transaction, will focus on the further expansion of the company’s strong position in the core RIS market, continued geographical expansion and strategic enlargement into neighbouring business areas. Additional investments in product development are also on the way.
BU is part of a family-owned business that has grown over several generations. The BU funds invest in mid-sized companies across a wide range of sectors in Germany, Austria, Switzerland and Northern Italy with a focus on market leaders and "hidden champions" with strong management teams and outbreak potential. With patient capital, entrepreneurial expertise and a partnership approach, BU works closely with entrepreneurs to develop, internationalize and digitalize portfolio companies, and to help them generate sustainable value on a responsible basis.
The Milbank team that advised BU on the financial aspects of the transaction, was led by partner Barbara Mayer-Trautmann and included special counsel Jennifer Seipelt and transaction lawyer Silvia Lengauer (all Finance, Munich).
