Cowen advises Trill Impact on the financing for the acquisition of Meona and i-SOLUTIONS

Overview

Transaction

Cowen advised Trill Impact on the acquisition financing for the parallel acquisition of Meona and i-SOLUTIONS. By combining the two companies, Trill Impact enables Meona and i-SOLUTIONS to offer their customers an unparalleled, one-stop-shop solution for clinical and administrative medical software.

Meona will contribute its market-leading clinical software that supports the work processes and requirements of modern clinical practices. Its products include specialized solutions for medication and data management not only for the emergency room, but also for other critical medical workflows in normal and intensive care wards. Meona’s solutions focus on improving the efficiency in medical digital infrastructure of mid- to large-sized hospitals (including university clinics) in continental Europe, while i-SOLUTIONS, reputed for its holistic approach, will provide its specialized, highly reliable and customized software (including workflow and patient management software solutions) for hospitals, radiology practices and laboratories.

The combined Group’s offering will help modernize a digitally underserved healthcare system in continental Europe, improve patient safety and quality of care, and contribute to a resilient and resource-efficient healthcare infrastructure for the digital future. The Group intends to use its strong market position to support the digitalization efforts of its customers as well as the ambitions of all other stakeholders.

Kristian Klosterkemper, Director at Trill Impact: „We would like to thank Cowen for their competent and focused advice on the complex financing. Thanks to Rolf Holtmann’s expertise in LBO Financing and Healthcare, we were able to achieve an outstanding result and are well positioned for the expected growth of the Group.”

Client

Trill Impact is a Private Equity firm targeting mid-sized companies in Northern Europe with the potential to accelerate value creation while contributing to the United Nations Sustainable Development Goals. Trill Impact aims for a global leadership in Impact Private Equity through its active and proprietary impact investing and ownership approach.

Target

The Meona Group, founded in 2008 by the current management team, is a market-leading clinical software provider for medical documentation, workflow and patient management. The company focuses on improving the efficiency in medical digital infrastructure for its customer base of mid- to large-sized teaching hospitals (i.e., university clinics) in continental Europe. The group offers a comprehensive clinical software suite that covers the entire patient journey. Aimed at supporting doctors and nurses during their key “pressure points”, the product modules support emergency room workflows, medication management and nursing documentation, as well as providing vital and ambulatory parameters tracking and quality control.

i-SOLUTIONS is a specialized German software company offering workflow and patient management solutions for small- to mid-sized hospitals, digital imaging facilities and laboratories with tailormade requirements. The company offers an administration-focused software suite to healthcare institutions, including Hospital Information System, Radiology Information System and Laboratory Management System products.

Contact

Photo Rolf Holtman

Rolf
Holtmann

Partner
Debt Advisory, Cowen

+49 172 6291 547
Email

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