Seller: Hulpmiddelencentrum (HMC)
Target: HMC
Advisors seller: EY
Buyer: Kersten (Value8)
Advisors buyer:
Date announced: 2020-06-15

Story (from press release):
Kersten Revalidatietechniek, a portfolio company of Value8, has agreed to acquire Hulpmiddelencentrum (HMC).

The financial terms of the transaction were not disclosed.
A part of the financing is provided by Value8 to support the acquisition. Post acquisition HMC will continue to operate from its six HMC branches and more than 150 HMC employees will be retained.

HMC had filed for bankruptcy on 03 April 2020.
The transaction is subject to closing conditions and is expected to complete by 20 June 2020.

Kersten reported revenues of EUR 34.8m in 2019 and the combined company will have annual turnover of between EUR 43 to 47m.

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