NBGI Private Equity acquired a majority stake in the Sante group (“Group”), through an equity infusion to support the Group's development plans.
Founded in 1987, Sante operates four therapy centres, currently representing a quarter of the overall private oncology centre market in Turkey. The Group is in the process of establishing new centres in Antakya (Southern Turkey) and Aleppo (Syria) and capital provided by NBGI will fund the Group’s continued growth plans.
In addition to its oncology centres, a proportion of Sante’s revenues are generated through the provision of related technical services including the supply of radiotherapy equipment, training for users and the disposal of radioactive sources. This complementary service diversifies the Group’s revenue stream and reduces overall operating costs through increased efficiencies, differentiating Sante from its competitors.
Advisers for NBGI Private Equity on the transaction included ESiN Law Firm (legal); KPMG (financial and tax due diligence) and Helix Management Consultants (commercial).