Dutch healthcare group Intergrin has obtained a c.€50 million unitranche loan, provided by Kartesia, to refinance existing debt and to further support the growth of different healthcare and wellbeing initiatives of the company.
Owned by IIC Group and headquartered in Geleen, Intergrin operates clinics focused on specialist mental healthcare through two providers, Het Rughuis and PHI. Het Rughuis provides psychosomatic treatment to individuals with a spinal-related pain disorder through a combination of expert cognitive behavioral therapy, lifestyle-as-a-medicine therapy, vitality and physical therapy. PHI offers specialized psychosomatic mental healthcare for those suffering from anxiety, depression, somatoform disorder and serious unexplained physical complaints.
Kartesia is a European privately-owned specialist provider of financing solutions, focused on offering customized resources across the capital structure to leading mid-market companies from a wide range of industries, with the view to accelerate their pace of growth. The unitranche was provided by Kartesia’s Senior Opportunities I fund. The deal team at Kartesia comprised Matthieu Delamaire, Jean Diercxsens and Toon Van Coillie.
Oaklins’ debt advisory team in the Netherlands advised Intergrin in this transaction and assisted in establishing a financing package aligned with the current business profile and future growth ambitions. The deal team consisted of Bas Stoetzer, Jeroen Derkx and Niels Vermuë.
Ron Joosten and Marc Kuijpers, Founders of Intergrin, commented: “We are very pleased with this partnership. It enables us to pursue our ambitious goals, as well in the Netherlands as in the international markets. We will refine our treatment methodology even further and we will invest in HealthTech applications. With these funds we will be able to help many patients who suffer from severe health disorders.”
Bas Stoetzer, Partner at Oaklins, commented: “Having established this new financing package, Intergrin and IIC Group will be able to further develop important healthcare and wellbeing initiatives. As Oaklins’ Debt Advisory, we were therefore excited to contribute to a successful outcome for both Intergrin and Kartesia.”
Jean Diercxsens, Director at Kartesia, commented: “We are delighted to announce another deal for Kartesia’s senior debt strategy in the Benelux. We look forward to accompany the management team on their journey to further develop Intergrin’s activities in the Netherlands and abroad, while also continuing efforts to improve the quality and effectiveness of treatments.”