Target Company Overview

Beyond Capital Partners Fund II, advised by Beyond Capital Partners GmbH, has acquired 100% of the shares in blu GmbH, a medical supply company based in Fellbach near Stuttgart, through its portfolio company Ank-Kaiser Sanitätshaus GmbH ("Ank-Kaiser"). This acquisition furthers Ank-Kaiser's growth strategy, establishing blu as a significant addition to its portfolio. The transaction reached closure in September 2025.

Founded in 2011, the blu chain has expanded to 13 locations across Baden-Württemberg and Rhineland-Palatinate, with an additional two branches set to open shortly in the Stuttgart metropolitan area. As a comprehensive provider of medical supplies, blu offers a wide range of products including orthopedic technology, custom fittings, rehabilitation technology, orthotics/prosthetics, compression supplies, and practice and consultation necessities. All blu branches are 100% master enterprises and DGP (Deutsche Gesellschaft für Präqualifikation) prequalified, adhering to high operational standards through a quality management system compliant with DIN EN ISO 13485.

Industry Overview in Germany

The healthcare industry in Germany, particularly concerning medical supplies, is on a robust growth trajectory driven by demographic changes and an increasingly aging population. This sector is experiencing an upsurge in demand for innovative medical products and effective rehabilitation solutions. The integration of digital technologies and healthcare reforms aimed at improving service delivery also significantly contribute to this growth.

Furthermore, the wellness trend has led to increased consumer interest in health-related products and services. This shift not only impacts the demand for medical supplies but also encourages companies to focus on quality, effectiveness, and accessibility. As a result, companies like Ank-Kaiser and their newly acquired entity blu are well-positioned to leverage these market dynamics.

The expansion of healthcare facilities and the rise in preventive health measures have further created a favorable environment for medical supply companies. With the continuous evolution of healthcare regulations, businesses must remain agile, focusing on compliance, innovation, and customer satisfaction to thrive.

Given the rapidly changing landscape, companies operating in this sector can benefit from strategic acquisitions, enhancing their service offerings, and expanding market reach. The recent acquisition of blu by Ank-Kaiser illustrates this opportunity, enabling the combined entity to cater to a broader client base.

Rationale Behind the Deal

This acquisition aligns with Ank-Kaiser's overarching strategy of expanding its footprint in the healthcare sector by leveraging the robust growth potential associated with an increasing demand for medical supplies. By integrating blu into its operations, Ank-Kaiser is set to solidify its market position and enhance revenue streams through an increased number of locations and expanded service offerings.

The Buy-&-Build strategy employed by Beyond Capital Partners further amplifies the value proposition of this deal, as evidenced by Ank-Kaiser's impressive growth in the past three years, with a tripling of its operational locations and revenue growth parallel to the expansion.

Investor Information

Beyond Capital Partners specializes in acquiring majority stakes in profitable SMEs in the DACH region, emphasizing asset-light sectors such as services, IT, software, healthcare, lifestyle, and entertainment. The firm provides extensive support to its portfolio companies, capitalizing on market trends and opportunities. With a strategic vision, Beyond Capital Partners focuses on driving growth through operational enhancements and strategic expansions.

This transaction has also received backing from the European Union under the InvestEU Fund, showcasing the investor's commitment to fostering a thriving healthcare environment within Europe, particularly in medical supplies and services.

View of Dealert

The acquisition of blu by Ank-Kaiser represents a calculated move in a thriving healthcare market, where the demand for medical supplies is on the rise due to demographic trends and enhanced healthcare initiatives. Experts view this investment positively, as it not only aligns with market demands but also leverages the operational strengths of both companies.

Given blu's robust operational framework, adherence to high-quality standards, and innovative approach to product development, the integration into Ank-Kaiser is expected to yield significant synergistic benefits. This will likely enhance operational efficiency and service delivery, optimizing customer satisfaction amongst existing and new client bases.

Furthermore, Ank-Kaiser's expansion strategy positions it to capitalize on emerging trends in healthcare, providing further room for growth at both the revenue and operational levels. As consumer preferences continue to shift towards quality healthcare services and products, this deal could be a pivotal step in securing a leadership position within the market.

In conclusion, the acquisition presents a compelling investment opportunity. By combining resources and expertise, Ank-Kaiser and blu are well-positioned to excel in the competitive landscape, making this a potentially rewarding investment in the long run.

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