Everfield Acquires Meditec AB and Medicloud
Deal News | Nov 26, 2024 | CEE Legal Matters
Eversheds Sutherland has successfully advised Everfield, an investor committed to European software enterprises, in acquiring Meditec AB and Medicloud SIA. The Latvian healthcare software firms were represented by Cobalt in the transaction. Eversheds Sutherland's team was led by Senior Partner Maris Vainovskis and included Partner Anete Marhele alongside a robust support team, reflecting Eversheds Sutherland's expertise in European and specifically Baltic-region Merger & Acquisition operations. Meditec AB and Medicloud SIA are recognized for their contributions to healthcare software solutions in Latvia. Cobalt's advisory team included experienced legal professionals led by Managing Partner Lauris Liepa, highlighting their capabilities in managing complex transactions. This acquisition by Everfield signals their strategic interest in expanding their footprint within the European software sector.
Sectors
- Software
- Healthcare
- Legal Services
Geography
- Latvia – Meditec AB and Medicloud SIA are Latvian companies, indicating the geographical focus of the transaction.
- Europe – Everfield focuses on European software companies, placing the transaction in a broader European context.
Industry
- Software – The acquisition involves software companies, specifically in the healthcare sector.
- Healthcare – Meditec AB and Medicloud SIA specialize in healthcare software, indicating the article's relevance to the healthcare industry.
- Legal Services – Eversheds Sutherland and Cobalt's involvement as legal advisors highlights the legal services industry's role in facilitating the transaction.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Everfield | Bidding Company | Company | Investor focused on European software companies, acquiring Meditec AB and Medicloud SIA. |
| Meditec AB | Target Company | Company | Latvian healthcare software company acquired by Everfield. |
| Medicloud SIA | Target Company | Company | Latvian healthcare software company acquired by Everfield. |
| Eversheds Sutherland | Legal Advisor | Company | Advised Everfield on the acquisition of Meditec AB and Medicloud SIA. |
| Cobalt | Legal Advisor | Company | Advised the sellers of Meditec AB and Medicloud SIA in the transaction. |
| Maris Vainovskis | Senior Partner | Person | Lead in Eversheds Sutherland's advisory team. |
| Anete Marhele | Partner | Person | Member of Eversheds Sutherland's advisory team. |
| Lauris Liepa | Managing Partner | Person | Lead in Cobalt's advisory team. |