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TPG creates European outpatient real estate platform from €400m worth of MOBs bought from Northwest

Private equity investor TPG has launched a specialist outpatient real estate investment platform to hold the €400 million worth of German and Dutch medical outpatient buildings (MOBs) it bought from Canada-based healthcare REIT Northwest in January, and acquire similar additional properties. The platform, called Arcura Medical Properties, will remain fully owned by TPG’s real estate investment branch (TPG Real Estate), but will operate “independently”, managed by Simon Betty as CEO, who formerly headed Northwest’s European branch, along with his team.

Smile Invest acquires BAP Medical

Private equity firm Smile Invest has acquired a majority stake in medical skincare provider BAP Medical, alongside management and founder Rob Hollweg. BAP Medical develops, produces and distributes medical devices for patients suffering from scars, burns, chronic skin conditions, allergies, hard-to-heal wounds and ENT conditions. Its portfolio includes Alhydran, widely used in burn centres, as well as BAPSCARCARE and Scarban for professional scar treatment.

Northern Horizon continues to attract institutional capital to Nordic care real estate

Nordic healthcare real estate investor Northern Horizon (NH) has made €130 million worth of acquisitions across the three markets it invests in: Sweden, Denmark and Finland. Most of these are forward purchases of new builds being acquired from developers. Jannika Kankare, Northern Horizon’s Investment Director in Finland, tells us more such deals will be signed in the coming months.

Prosus invests in French insurer Alan to help it expand internationally

Dutch technology investor Prosus has invested €400 million in French insurer Alan, acquiring a small minority stake. Prosus plans to be deeply involved in the insurer’s development and expansion, in particular helping it scale internationally in large markets where Prosus has a presence.

DHCare acquires Ottobock’s Human Mobility division

Global medical technology platform DHCare has agreed to acquire the carved-out Human Mobility division of German prosthetics specialist Ottobock, marking the company's first acquisition since being formed under private equity firm Rhône. 

Sweden’s Unident acquires Norway’s Dental Miljø Teknikk

Unident, a Sweden-based supplier of dental consumables, equipment, laboratory services and digital dentistry solutions, has acquired Dental Miljø Teknikk AS (DMT), a Norwegian technical services company based in Vestby, south of Oslo. Unident is part of Nuent Group AB, a Swedish distributor of dental consumables, equipment, laboratory services and dental analytics software, which is majority owned by private equity firm Triton.

Laprophan Group acquires Riviopharm

Laprophan Group, a Morocco-based pharmaceutical group, has acquired Swiss pharmaceutical company Rivopharm. The acquisition, completed through Europhan, Laprophan’s Luxembourg-based European platform, marks its first deal in Europe.

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