Colesco Capital (Colesco), a sustainability-led private credit specialist, is supporting TopzorgGroep’s acquisition of FysioHolland, a major provider of physiotherapy and rehabilitative care in the Netherlands.
Backed by Capital A, TopzorgGroep is a Netherlands-based integrated healthcare chain. Its services span both primary and secondary care, including physiotherapy, rehabilitation therapy, occupational health services (OHS), and preventive wellbeing.
The Capital A team, which was responsible for midmarket private equity within ABN AMRO and is formerly known as ABN AMRO Participaties, spun off from the Dutch bank in 2018. It invests in companies in the Netherlands, Belgium and Germany with participations mainly consistng of large minority or small majority stakes. ABN AMRO remains an investor in all current funds. Other fund investors are: AlpInvest, LGT, Five Arrows, and Bregal.
Buy and build
The acquisition of FysioHolland forms part of TopzorgGroep’s buy-and-build strategy.
“Through our integrated care model, we believe we can make a meaningful contribution to society and are now even better positioned to achieve our ambitions following this strategic acquisition,” said Ivo van Loo, CEO of TopzorgGroep.
FysioHolland has a nationwide network of physiotherapy practices, some of which are part of a health centre, sports centre and/or residential/care centre.
The unitranche facility provided by Colesco, which takes a sustainability-led approach to raising, deploying and managing capital from institutional asset owners, will be used to refinance TopzorgGroep’s existing debt and to support the acquisition of FysioHolland.
“The acquisition of FysioHolland will further strengthen TopzorgGroep’s market-leading position and support continued innovation to enhance both the quality and accessibility of care,” said Jacco Rolvink, co-head of origination at Colesco.
Press release: Colesco Capital supports TopzorgGroep’s acquisition of FysioHolland | Colesco