Corilus

Deal News | Jan 23, 2025 | Rivian

PSG Equity, a well-known growth equity firm, alongside Rivean Capital, has completed the acquisition of Corilus N.V. Corilus, headquartered in Ghent, is an eminent provider of medical software solutions in Belgium, boasting a product suite that serves over 30,000 healthcare providers across the country. The company aims to drive organic and inorganic growth within the European healthcare market. This acquisition includes a new wave of investment from PSG Equity and continued investment from Rivean Capital, indicating a robust growth plan for Corilus, encompassing enhancement of current offerings and strategic acquisitions. The PE firms aim to bolster Corilus's presence in digital healthcare through leveraging innovative technologies such as AI. With a strengthened partnership, the firms are poised to transform Corilus into a European software leader, showcasing the company’s potential for technological innovation in healthcare solutions.

Sectors

Healthcare IT
Private Equity

Geography

Belgium – Corilus is based in Belgium, where it serves a significant number of healthcare providers with its software solutions.
Europe – The article mentions the expansion and growth strategy targeted by Corilus and its investors, aiming to capture more of the European market.

Industry

Healthcare IT – Corilus operates within the healthcare IT industry, providing digital solutions and software for various healthcare providers in Belgium and potentially Europe.
Private Equity – The transaction involves PSG Equity and Rivean Capital, both private equity firms focused on investments and growth in the technology and healthcare sectors.

Financials

5bn – Rivean Capital's assets under management.

Participants

Name	Role	Type	Description
Corilus N.V.	Target Company	Company	A leader in medical software solutions for the primary care market in Belgium.
PSG Equity	Buyer	Company	A growth equity firm specializing in software and technology-enabled services companies.
Rivean Capital	Buyer	Company	Leading European private equity investor focused on mid-market transactions.
Nicolas Linkens	Senior Partner at Rivean Capital	Person	Senior Partner involved in the acquisition and future strategic guidance of Corilus.
Dany Rammal	Managing Director and Head of Europe at PSG	Person	Responsible for overseeing PSG's European operations and strategic investments, including this acquisition.