WTS, a global full-service provider of tax advisory and financial & deal advisory services, has advised PARATUS, an investment platform founded by Greenpeak Partners, on the financial and tax aspects of the acquisition of a majority stake in IMAGE Group.
The Munich-based private equity investor GREENPEAK Partners founded PARATUS in 2021 as a new investment platform for its buy-and-build strategy in the field of specialized software solutions in the medical segment. In this context, PARATUS acquired a majority stake in IMAGE Information Systems Europe GmbH with companies in Germany, the USA and India at the beginning of April 2023. The acquisition represents an important strategic building block for PARATUS towards becoming a leading global provider of healthcare software and IT services.
IMAGE is a leading provider of PACS solutions for radiologists worldwide. For the company, PARATUS' investment is the best possible complement to become a state-of-the-art technology platform. The aim is to drive technology development, to continue to sustainably shape the healthcare industry within the parameters of ESG criteria, and to digitize it, respectively. For example, the focus is on data protection and data security for patients.
This international transaction was comprehensively supported by WTS in the areas of financial and tax. While Thomas Kupke and Christian Hörmann, both WTS Advisory, provided consulting services in the area of financial due diligence, Dr. Patrick Satish, Simone Rupp and Manuel Tremmel were responsible for the preparation of the tax due diligence and the tax acquisition structuring. They also negotiated the highly complex tax clause in the SPA.
For the tax issues in the USA and India, colleagues from the law firms FLSV LLP (USA) and Dhruva LLP (India) from the international network WTS Global were consulted.
Financial Due Diligence WTS Advisory:
Tax advisors WTS:
StB Dr. Patrick Satish
StBin/RAin Simone Rupp
Other advisors involved:
WTS Global network partners: FLSV LLP (USA) and Dhruva LLP (India)
Legal advice: FMDH
Tech Due Diligence: wdp
Seller side: CMS and Argonas
About GREENPEAK Partners
GREENPEAK is an entrepreneur, partner and pioneer for market leaders in service and software industries.
The goal is to create issue-driven market leaders in value-creating service niches in the DACH market and beyond, with positive environmental and social impacts, based on long-term partnerships with all stakeholders.
Further information at: greenpeak-partners.com
PARATUS stands for the establishment and development of a leading international group of companies in the field of healthcare software and IT services.
Further information at: paratus-gruppe.de
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