Munich (DE) / Antwerp (BE), 5 May 2021, 07:30 am CET


Gimv increases its interest in German GPNZ to further support
and develop the dental platform in its growth ambitions
Gimv has increased its interest in GPNZ (Gesellschaft für Praxisnachfolge in der Zahnmedizin), a fast-
growing, high-quality dental platform in Germany. In addition to a significant capital increase into the
company, Gimv has acquired the shares of co-investors Cannonball® and co-founder Marcus Geier. The
founder and CEO of GPNZ Roman Wachtel also participated in the capital increase. The additional
resources will be used to conclude further partnerships and to continue the group’s dynamic growth path.

The dentistry group GPNZ (Gesellschaft für Praxisnachfolge in der Zahnmedizin, Munich, - www.gpnz.de) was
launched in late 2018 with the aim of becoming a leading high-quality dental chain in Germany through buy and
build. In collaboration with the co-investors and the current management, GPNZ has established itself as a fast
growing dental platform, having assembled a group of high quality dental practices and supported them with tailor-
made development plans, backed by a strong team at the Munich headquarters as well as effective regional
support.

Acquisition of high quality and successful dental practices with best-in-class dentists and staff is an essential part
of GPNZ’s consolidation strategy in a large but highly fragmented market, bringing benefits for dentists, staff and
patients. Dentists reduce time spent on administrative, HR, marketing or commercial tasks and can focus on their
medical role. They also gain flexibility in working hours and reduce their entrepreneurial risk. Staff is supported in
terms of marketing, recruiting, and invoicing. Patients benefit from a wider range of professional medical services
under one roof and convenience, either through additional specialisations, greater capacity or extended opening
hours. Patient satisfaction and ensuring top quartile medical quality as a minimum standard in each practice are
key priorities for GPNZ.

Despite the Covid pandemic, GPNZ has maintained strong momentum, with a further nine practices coming on
board or having signed in the last 15 months. The company is led by an experienced management team with
expertise in various healthcare fields (compliance, dentistry, marketing, hospital management, etc.) to fully support
the organic growth of the practices. Long-term mutual goal alignment is ensured by management’s co-investment
into GPNZ.

In the transaction announced today, co-founders Cannonball® and Marcus Geier, both having played instrumental
roles in the first phase of establishing GPNZ, will sell their shares to Gimv. Gimv and CEO Roman Wachtel are
committed to a further capital contribution to the company.

Philipp v. Hammerstein, Partner at Gimv, comments: “We are very pleased with the development of the group
since the start of our journey back in 2018. I wish to express my sincere thanks to Cannonball® and Marcus Geier
for their invaluable contributions in establishing the company to where we stand today. We are excited about further
prospects and committed to further supporting the team and developing the group going forward.”

Dominik F. Hesse, Managing Partner at Cannonball®, adds: “We are proud of having co-founded this success
story and contributed significantly to building the company being both part of the management team and financial
investor. It is now the right moment for us to hand over the baton. We would like to thank Gimv and the management
team for this partnership and wish them all the best for the future development of GPNZ.”

Roman Wachtel, CEO of GPNZ sums up: “We are grateful for the further commitment, as well as the ongoing
reliable support, deep sector knowledge and buy and build experience contributed by Gimv. We are looking forward
to the future and remain fully committed to continue GPNZ’s successful path as a leading dental platform where
patients experience the highest medical standards.”



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This acquisition further underpins Gimv’s position as one of the most active European investors in the healthcare
industry and its ambition to positively contribute to the United Nations Sustainable Development Goals of good
health and well-being. Gimv currently has 23 participations in companies in the healthcare and life sciences sector.
The Gimv portfolio also includes several clinic and practice groups, as well as medical technology and biotech
companies.

No further financial details on this transaction are being published.


ABOUT GIMV
Gimv is a European investment company, listed on Euronext Brussels. With 40 years' experience in private equity, Gimv currently
has EUR 2 billion of assets under management. The portfolio contains around 55 portfolio companies, with combined turnover of
EUR 2.5 billion and 14,000 employees. Gimv’s commitment to making a positive contribution to society has been demonstrated
amongst others through the recent successful issue of a sustainable bond.

As a recognized market leader in selected investment platforms, Gimv identifies entrepreneurial, innovative companies with high
growth potential and supports them in their transformation into market leaders. Gimv's four investment platforms are Consumer,
Health & C
are, Smart Industries and Sustainable Cities. Each platform works with an experienced team across Gimv’s home markets of
Benelux, France and DACH, supported by an extended international network of experts. www.gimv.com



For further information please contact:
Philipp v. Hammerstein, Partner Health & Care team Gimv
T +49 89 442 32 750 – philipp.hammerstein@gimv.com




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