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ECM acquires MediFox in second deal from GEP IV fund

7 May 2013

software6_sqGerman private equity firm ECM Equity Capital Management has bought MediFox Group together with the software company’s management from its founder.

The parties did not disclose the terms of the deal, but said that the management has acquired a “significant equity stake” in the company, which is focused on the German nursing care market.

The business currently holds a market share of around 40 per cent in the ambulatory software sector, said ECM.

ECM’s managing director Axel Eichmeyer said, “The MediFox management team has successfully developed the company in recent years.

“Based on its leading market position, a highly scalable business model and innovative service offerings we consider MediFox to be anattractive investment for GEP IV.

“We look forward to supporting this dynamic company in realising its growth potential.”

This is the second investment made from the firm’s €230m private equity fund German Equity Partners (GEP) IV. This vehicle targets majority stakes in mid-sized businesses in the DACH region.

The four GEP funds have raised a combined €650m.

The first deal from GEP IV was made last month when ECM bought car cylinder maker Bergmann Automotive in a take-private MBO deal.

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