]init[ AG Acquires HBSN Group with Goodwin's Advisory
Deal News | Feb 07, 2025 | Goodwin
Goodwin has played a crucial advisory role for ]init[ AG, a portfolio company of Rivean Capital and EMERAM Capital Partners, in its financing for the acquisition of HBSN Group. Based in Berlin, ]init[ AG specializes in IT services focused on digitization projects in both public and private sectors. Solidifying its position across Germany, Belgium, Switzerland, and Portugal, ]init[ aims to enhance its comprehensive service offerings in strategy, consulting, and operations. The recent acquisition targets HBSN Group, a proficient consulting and technology firm within the healthcare domain, renowned for its support to university hospitals, insurers, and IT providers in transformation projects. The synergy aspires to boost ]init['s footprint in the healthcare technology market. Backed by Rivean Capital, a prominent PE firm managing over €5 billion in assets, and EMERAM Capital Partners, which brings a strategic focus in digital transformation, this acquisition aligns with their growth and operational excellence agenda.
Sectors
- IT Services
- Healthcare Technology
- Private Equity
Geography
- Germany – ]init[ AG is headquartered in Berlin and is a significant part of their operations.
- Europe – Rivean Capital operates across the Benelux, DACH region, and Italy, while ]init[ AG is also present in Belgium, Switzerland, and Portugal.
Industry
- IT Services – ]init[ AG operates in the IT services industry, providing digitization, platform development, and managed services.
- Healthcare Technology – HBSN Group specializes in consulting and technology services in the healthcare market, enhancing tech-driven solutions for healthcare stakeholders.
- Private Equity – Rivean Capital and EMERAM Capital Partners are involved as investment firms, showcasing involvement in mid-market transactions and asset management.
Financials
- €5 billion – Assets managed by Rivean Capital.
- €800 million – Capital provided by EMERAM for the development of growth companies.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ]init[ AG | Target Company | Company | A leading German IT services provider focusing on digitization projects in the public and regulated private sectors. |
| HBSN Group | Target Company | Company | A consulting and technology business operating in the healthcare market, supporting various healthcare stakeholders. |
| Goodwin | Legal Advisor | Company | Advisory firm assisting ]init[ AG on the financing of the acquisition of HBSN Group. |
| Rivean Capital | Private Equity Investor | Company | A European private equity firm that supports ]init[ AG; manages over €5 billion in assets. |
| EMERAM Capital Partners | Private Equity Investor | Company | Investment manager for mid-sized companies in the German-speaking region, focusing on digital transformation and other strategic areas. |