UBS Asset Management has invested €55 million ($66 million) into a five-year private bond to help finance DWS Alternatives Global Ltd.’s acquisition of Mediapass, an Italian provider of radiotherapy and medical diagnostic imaging equipment and services.
The €55 million ($66 million) bond consists of two tranches: the first tranche consisting of €37.5 million ($45.3 million) of acquisition financing, with the second tranche consisting of €17.5 million ($21.1 million) of commitments, which will be drawn down over the next two years to fund new investments and Medipass’ growth.
Medipass provides radiotherapy and advanced diagnostic imaging services to public and private sector hospitals and healthcare facilities in Italy. Its portfolio consists of long-term contracts with local hospitals. It also recently won new contracts in the United Kingdom.
DWS acquired the company on behalf of its Pan-European Infrastructure III Fund (PEIF III).
UBS-AM made
