G Square closes €500m continuation fund vehicle

G Sq. Healthcare Non-public Fairness has closed a €500 million continuation fund automobile in reference to the acquisition of three current property from its current automobiles, G Sq. Capital I and G Sq. Capital II.

The continuation fund will permit G Sq. to wind down G Sq. Capital I and supply important liquidity to current G Sq. Capital II traders, whereas offering new and current traders collaborating within the continuation fund with the chance for added returns on the following stage of the businesses’ development.

The continuation fund will likely be made up of three property. Accomplish and Keys Group are the suppliers of specialist care providers within the UK, and Denteam is the supplier of basic and complicated dentistry providers within the Netherlands.

Laurent Ganem, founder and chief govt of G Sq., stated: “We imagine this transaction has offered our restricted companions with the optionality to make your best option for his or her funding targets. The event of this automobile additionally gives the portfolio firm administration groups and G Sq. with the benefit of further time and assets to additional implement our development and operational methods to maximise worth creation. We stay up for collaborating with our current and new traders on this subsequent stage of evolution for these firms.”

The continuation fund was led by Eurazeo and Schroders Capital with participation from different institutional traders together with quite a few current traders. Credit score Suisse assisted with the non-public providing and Proskauer was authorized advisor to G Sq..

Date printed: April 4, 2022