Kartesia, the European specialist provider of financing solutions for small and mid-sized companies, is pleased to announce that it has provided a Unitranche financing package to support Vidi Capital, the holding company of Vidi Imagerie Group (or “the Group”) in its ambitious growth strategy.
The Group aims to be one of the leading networks of private medical imaging centres in France. Vidi Imagerie offers a disruptive and differentiated value proposition for radiologists and patients relying on 3 main pillars: (1) an independent project run for and by radiologists prioritizing a focus on medical expertise and patient care; (2) attractive growth opportunities thanks to the strong relationships between Vidi Imagerie and the largest network of 65+ independent radiology groups in France Vidi, and (3) a high quality of medical care services coupled with an excellent patient experience.
The strong value creation potential of Vidi Imagerie’s strategy is sustained by investment from over 300 radiologists in Vidi Capital, who collectively raised ca. €45m of equity capital and fully own the Group’s holding shareholders’ equity. Thanks to the combination of this fundraising and the non-dilutive Unitranche bonds financing provided by Kartesia, Vidi Capital now benefits from substantial investment capacity to roll out its external growth strategy and therefore participate actively in the ongoing industry consolidation.
Vidi Imagerie recently acquired two private medical imaging centres alongside their respective local team of radiologists in Centre-Val de Loire and Pays de la Loire.
This debt financing is provided by Kartesia Senior Opportunities (“KSO”) vehicles and the deal team at Kartesia included Damien Scaillierez, Charles-Henri Clappier and Alexis Midol.
Charles-Henri Clappier, Head of KSO France at Kartesia, commented: “We are proud to accompany Vidi Imagerie on its growth journey. Vidi Imagerie benefits from numerous success factors, notably including a unique strategic positioning in France through the breadth of the Vidi network; a deeply-embedded entrepreneurial DNA coupled with an experienced and seasoned management team; and a strong societal and medical value proposition. Our flexible financing solution perfectly matches with the Group’s ambition to take part in the consolidation of the highly fragmented radiology market and we look forward to working with the management team to carry out its strategic plan.”