The Kempen European Private Equity Fund, the private equity investment fund of Kempen Capital Management (Kempen), has acquired a direct interest in the new entity that will be created as a result of the merger between software companies Medisys and Cityzen
The merger will form a major software supplier in France for the development of specialised software for the healthcare industry.
The new entity that will be created as a result of the merger between Medisys and Cityzen will be a frontrunner in France in the field of healthcare ERP software, with a combined history spanning three decades. The company will serve close to 11,000 clients, with a focus on both the public and the private care market. The group employs approximately 450 full-time employees, over 90 of whom are software specialists, divided over 17 locations across France. The combined turnover amounted to approximately EUR45 million in 2020.
Sven Smeets, Managing Director and Bram Bikker, Director, at Kempen Private Markets, says: “The new company is a merger between two cutting-edge French software companies: Medisys and Cityzen. Integrating these two companies will result in the market leader in France in the field of software for the healthcare industry.
Source: Private Equity Wire
