Care Fertility has been acquired by Nordic Capital
Silverfleet Capital has sold Care Fertility, a leading chain of fertility clinics in the United Kingdom, to Nordic Capital, generating a 2.6x gross money multiple and an IRR of over 40%.
Headquartered in Nottingham, England, Care Fertility operates through a network of 24 clinics across the United Kingdom and Ireland. It employs over 160 embryologists and doctors and has helped in the delivery of over 51,000 babies since it was founded in 1997. The business is at the forefront of innovation in fertility treatment globally and has grown its clinic numbers through both organic rollout and acquisition since its inception.
Silverfleet acquired a majority stake in Care Fertility in 2019, having identified the positive market dynamics of a rising need for fertility treatment in the developed world and the opportunity to help the business scale to become the clear market leader in the UK; develop its digital technology; and lay the foundations for international expansion.
During Silverfleet’s ownership, Care Fertility opened a new clinic in Liverpool and acquired four further clinics in the UK in Woking, Chester, Tamworth and Leeds. In addition, Silverfleet supported Care Fertility in the acquisition of a specialist software business, Salve, which focuses on improving the patient journey and interaction with clinics. This acquisition forms part of a much larger digitisation project Care Fertility has been pursuing since Silverfleet’s investment.
Under Silverfleet’s ownership, Care Fertility has significantly increased revenue and EBITDA, despite the global pandemic, further demonstrating the resilience and quality of the business.
Rothschild & Co advised on the sale of this transaction. For further detail please contact Karen Dawaf.