H2 Equity Partners (“H2”) is pleased to announce that it has completed the sale of its shareholding in Healthcare 21 Group (“HC21”), the leading independent healthcare service and distribution business in Ireland and the United Kingdom, to Swedish MedTech group AddLife AB.

H2 Equity Partners’ involvement with HC21 started with the carve-out of Aquilant in August 2018, followed by a merger with HC21 in October 2018. Subsequently the new HC21 Group developed into a leading independent distributor that offers solutions and high-quality products, adds customer value with its high level of clinical expertise and provides services to public and private customers. HC21 conducts business in 15 therapeutic segments, with products for emergency care, primary and home healthcare, diagnostics and surgery as well as services accounting for just over 50 percent of sales. In 2019 HC21 acquired Xograph, followed by the acquisition of Cardio Solutions in 2020.

The close cooperation between the Founder and Management Team of HC21 and H2 Equity Partners has delivered strong revenue and profitability growth and established HC21 as a market-leading company with a clear visibility on the future growth prospects and cash flows of the business. This combined with the strong underlying market growth and positive outlook for the sector have allowed H2 Equity Partners to realise an exceptional return within a three-year timeframe.

Eversheds Sutherland (Legal), KPMG (Financial & Tax), Roland Berger (Commercial) and William Blair (Corporate Finance) acted as exclusive advisors to HC21 and its shareholders.

Terry Musson

The Amberon Group is a market leading traffic management provider to the utilities and Local Authority markets. Amberon was established in May 2002 with our first depot in Paignton, South West England. Our founding core principles remain at the heart of everything that we do and our continued desire to achieve our purpose; to provide the best service in the Traffic Management sector. This has been the foundation for our success and has cemented our position as the market leader in TM.

During the initial transaction we never felt under any pressure & instantly recognised we would become part of the family. H2 took the time to listen to our views & business strategy, it was obvious from the very beginning that they would be the perfect partner for us.

The guys at H2 have enabled us to continue the momentum & have provided the expertise & knowledge to help us continue on the journey to constantly improve our service offering.

Working with H2 during the last 2 years has given us additional support not just financially but the advice & expertise has helped analytically & strategically.

The ambition and the drive H2 have is extremely infectious & continues to assist the group to overachieve.

It’s enormously reassuring to know H2 will always be at the end of the phone to offer advice but heartening to know they have the trust in us to deliver.