LONDON, June 20, 2022–(BUSINESS WIRE)–All Seas Capital Fund I (“All Seas Capital”), a pan-European private equity fund that provides flexible, long-term financing solutions to leading mid-cap companies, announces a growth investment in SoMeD Santé (“SoMeD” or the “Company”), a group of private medical centers in France.
SoMeD provides a multidisciplinary service, including general practitioner, x-ray and dental services, from its nine sites across France. Expert clinicians benefit from the best medical equipment and a centralized administrative infrastructure.
All Seas Capital’s investment will enable SoMeD’s ambitious management team, led by Yehoram Houri and Bénédicte Gautreau, to accelerate its expansion strategy. The Company plans to quadruple the number of medical centers it operates in France over the next four years, capitalizing on the growing and more complex needs of the population across the country and the shift of care away from hospitals in reason of the pandemic to nearby health facilities. France faces an underinvested public health infrastructure creating a real need for private medicine and a centuries-old tradition of individual liberal medical practice that no longer corresponds to the needs and aspirations of the new generation of doctors and their patients. SoMeD Medical Centers are located in high-traffic locations, which ensures ease of access for patients and improves usability.
With its extensive investment experience, All Seas Capital is already working closely with Yehoram, Benedicte and their team to support further institutionalization of the business at board and operational management level, as well as as to identify potential M&A opportunities to complement the company’s organic growth plan.
All Seas Capital was recently launched by Marc Ciancimino and Cristobal Cuart who co-founded and led KKR’s mezzanine and preferred equity business in Europe. All Seas Capital provides transformational capital solutions and board-level expertise to entrepreneurs who need strategic capital, but do not wish to sell a majority stake. SoMeD is All Seas Capital’s third transaction, following investments in Hakim Opticians Group, a rapidly growing portfolio of independent opticians across the UK, and Attivo Group, a UK-based fully independent licensed financial planning firm. -United.
Emmanuel Logan-Moll, Managing Director of All Seas Capital, said:
“We are delighted to make our third investment, in partnership with SoMeD and its ambitious management team. They have established a group of quality medical practices across France, built on strong underlying demand driven by aging demographics and a need for ever more complex medical treatments The team has been smart in locating their medical centers and with the investment of All Seas Capital they can accelerate their plan to expand SoMeD over the coming years.
Yehoram Houri, CEO of SoMeD, commented:
“With All Seas Capital, we have not only found a financial investor to enable us to accelerate our expansion plans, but also a very experienced and practical partner to help us structure and grow our business. It was very attractive to take on an investor who adds so much value and from day one we have been impressed with the out-of-the-box mindset and collaborative approach of the All Seas team.”
Marc Ciancimino, co-founder and managing partner of All Seas Capital, said:
“We find that our hybrid investment strategy is very attractive to middle-market entrepreneurs and family businesses across Western Europe; businesses that already have some scale but need support and capital as a catalyst for real business growth, but do not want to sell a majority stake. We are the perfect partner for SoMeD, so we are delighted that this is our third investment from All Seas’ first fund Capital.
All Seas Capital was advised by Sabbag Advisor, Alvarez&Marsal, PwC, Lamartine Conseil and Loyens & Loeff, and SoMeD was advised by Cambon Partners, Exelmans, Argos Avocats and Moncey.
About All Seas Capital
All Seas Capital is a pan-European private equity fund that provides flexible long-term financing solutions to leading mid-cap companies. The team is led by Marc Ciancimino and Cristobal Cuart who co-founded and ran KKR’s European mezzanine and preferred equity business, and have a long career with €3.4 billion invested in 45 companies.
We partner with and provide transformational capital solutions and board-level expertise to mid-market Western European entrepreneurs and family businesses who need strategic capital, but do not want to sell majority stakes. We identify businesses that already have scale but need support and capital as a catalyst for real business growth.
All Seas Capital’s hybrid strategy, which invests in a combination of debt and equity, integrates ESG considerations throughout its investment process to help position its portfolio for sustained long-term growth.
Marc Ciancimino, co-founder
Prior to founding All Seas, Marc was a partner (“Member”) of KKR & Co where he spent a decade and started the European dimension of the firm’s private credit business with a particular focus on hybrid transactions. He served on the Global Private Credit Committee and was a member of the Portfolio Management Committee. He started his career in 1995 at Citibank and also worked at Bankers Trust before joining the buyside in 1999. He has invested over $1.9 billion since the start of his career.
Cristobal Cuart, co-founder
Prior to All Seas, Cristobal was a director at KKR which he joined in 2010 where he was a senior member of the European private credit and private equity platform, working closely with Marc Ciancimino to launch and grow the European credit business. private and private equity firm. . He has invested over $2.2 billion in private companies throughout his career.
SoMeD Santé is a private French group of health centers and management establishments, providing dental, medical and radiology care. Originally based in Paris, SoMeD centers are present throughout France (shopping malls, train stations and city centres), notably in Nantes, Marseille, Claye-Souilly, Strasbourg, Lille, Amiens and Rouen, as well as in Orléans, Pau and Bayonne by the end of the year.
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