Hellenic Healthcare Group's 60% Stake Acquired by PureHealth
Deal News | Feb 11, 2025 | CEE Legal Matters
CVC, a global private equity and credit firm, has sold a 60% stake in Hellenic Healthcare Group (HHG), Greece and Cyprus's largest private healthcare provider, to UAE-based PureHealth Holding PJSC. This transaction values HHG at EUR 2.2 billion, with the remaining 40% stake to be retained by CVC and HHG’s CEO, contingent upon regulatory approvals. Bernitsas Law advised the sellers in this deal. The legal team's effort was spearheaded by several partners and associates, including Partners Maria Nefeli Bernitsa and Nikos Papachristopoulos.
Sectors
- Private Equity
- Healthcare
- Legal Services
Geography
- Greece – Hellenic Healthcare Group is based in Greece.
- Cyprus – Hellenic Healthcare Group operates as a major healthcare provider in Cyprus.
- United Arab Emirates – PureHealth, the acquiring company, is based in the UAE.
Industry
- Private Equity – The article involves CVC, a private equity firm, selling its stake in a healthcare provider.
- Healthcare – Hellenic Healthcare Group, the subject of the acquisition, is a major entity in the healthcare sector.
- Legal Services – Bernitsas Law provided legal advisory services for the transaction.
Financials
- EUR 2.2 billion – The value of Hellenic Healthcare Group for the 60% stake sale.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CVC | Selling Company | Company | A global private equity and credit firm with numerous local offices. |
| Hellenic Healthcare Group (HHG) | Target Company | Company | The largest private healthcare provider in Greece and Cyprus. |
| PureHealth Holding PJSC | Bidding Company | Company | A healthcare group based in the United Arab Emirates. |
| Bernitsas Law | Legal Advisor | Company | A law firm advising on the transaction. |