NBGI Private Equity Acquires Turkey’s Sante Group

UK investor NBGI Private Equity has made its first Turkish deal by acquiring a majority stake in medical services provider Sante Group. The deal has been estimated to be worth as much as £16.8 million. NBGI officials cite the steady growth in Turkey’s medical services industry, being driven by an aging population and increased medical spending, as one of the primary reasons for their investment.

The market for the services Sante Group provides is expected to grow at an annual rate of 10% to 15% over the next several years.

Sante Group
Sante Group was originally established in 1987 to provide oncology and radiotherapy services in Turkey. The company currently operates four centers which command roughly 25% of the radiotherapy market, while also providing technical services, radiotherapy equipment, and medical waste disposal to other centers. Expansion plans include opening new centers in southern Turkey and Syria.

NBGI Private Equity (www.nbgipe.com)
NBGI Private Equity focuses on management buyouts, recapitalizations, growth capital, and turnarounds for small and medium-sized enterprises.

Sectors of interest include manufacturing, building products, business services, consumer goods, and leisure. Investing in both public and private entries, a typical NBGI deal ranges between £5 million and £50 million.

NBGI is headquartered in London and maintains additional offices in Manchester, Paris, Athens, Istanbul, Sofia, and Bucharest.