ArchiMed sells Italian dental clinic chain Primo Group
Summary
Pan-European private equity healthcare specialist, ArchiMed announces the sale of fast-growing Italian dental chain pioneer, Primo Group, to Aksia, a Milan-based PE firm, for an undisclosed sum. Primo Group was the only company in the Italian dental sector that met ArchiMed’s selection criteria in terms of potential for organic growth and recession-proof positioning. “In addition to offering the financing we needed to expand in Italy’s fragmented dental sector, ArchiMed helped us recruit a top-tier board and gave us strategic insight and management support at absolutely critical moments,” says Primo founder and CEO Mirko Puccio. It is a strategic and financial partner to European and North American companies operating in the Biopharma, Medtech, Diagnostics, Life Sciences, Healthcare IT, Consumer Health, Public Safety and Care Services sectors. It works alongside management teams to accelerate their business growth through internationalization, product and service range expansion as well as capacity extension, both organically and through acquisitions.