LONDON, July 1, 2011 /PRNewswire/ --
GADA, one of the leading European healthcare distributors and providers of specialized services for public and private hospital facilities in Italy, Romania and Turkey, is proud to announce an investment by new shareholder RBEF.
GADA supplies a broad range of integrated services to public and private healthcare facilities, including the distribution of high-tech medical devices and disposables, clinical and maintenance services, and was incorporated in Italy in the late 1970s. Today the company is a unique and easily scalable platform, with multi-regional distribution from 2009, following the acquisition of a leading Romanian distributor and entry into Turkey.
During the past 5 years, GADA has doubled its revenues and consistently strengthened its balance sheet. In particular, an intensive consolidation project has been commenced, positioning GADA for the next stage of its pan-European expansion plan.
RBEF is investing significant equity to support GADA's expansion in existing operating countries and to finance further acquisitions across Central and Eastern Europe. RBEF's funding and significant experience will support continuing improvements to the existing offering and accelerate growth through further selective acquisitions.
Sante Giovanni Albonetti, CEO of the GADA Group, said of the investment: "GADA has achieved a number of important milestones during the past decade and this success is paying off, as evidenced by the arrival of an important institutional partner. We are very enthusiastic about the entry of RBEF into the shareholder group and look forward to working together to deliver the next phase of our expansion plan. This investment marks an excellent result for the company and will greatly benefit our current and future associates, suppliers and customers."
Andrew Lawley, Managing Director of RBS Equity Finance, added: "Gada is a leading European medical technology distributor with an exceptional range of opportunities to pursue. We are extremely pleased to have made this investment and look forward to actively support the company in delivering its organic and acquisition plans."
About The GADA Group:
GADA is a leading pan-European supplier of integrated services to public and private healthcare facilities in Italy, Romania and Turkey. Its headquarters are located in London, UK.
About RBS Equity Finance:
RBS Equity Finance manages the RBS Special Opportunities Fund, a £1.1bn fund with a broad investment mandate, covering everything from majority equity investment through to mezzanine debt. This makes them an excellent partner for high quality, growth-focused businesses, as well as a provider of M&A expertise and capital in acquisition-led growth scenarios. RBS Special Opportunities Fund currently backs over 20 companies across a variety of sectors and has a strong track record in a range of sectors. http://www.am.rbs.com
For further information, please contact:
The GADA Group
Daniel J. Novacek, Tel: +44-7912-514-029
For media enquiries call Alex Simmons, Smithfield, +44-20-7360-4900
RBS Equity Finance
Andrew Lawley, Tel +44-20-7085-8364
SOURCE The Gada Group