Jul 10, 2017

Gimv, the Benelux mid-market firm, has made two new deals. The firm has invested €15m in Arseus Medical, a distributor of equipment and consumables. The Antwerp-based company specialises in ophthalmology, first line care and specialised equipment. It has turnover of €30m and 90 employees. Gimv has backed the current management team of Cedric De Quinnemar and Jan Ponnet, who have completed three bolt-ons since taking over the company in 2014. The investment is the fourth this year from Gimv’s healthcare platform. The firm has also backed Dutch nut supplier Snack Connection. Snack Connection offers private label products to retailers across Europe. With production sites in Giessen and Bergschenhoek, it employs more than 100 people. The company is led by Perry van Otterloo and Rens van Oostrum. It intends to pursue European expansion with Gimv’s backing. TAGS