“Value4Capital may sell its stake soon,” said Mihai Marcu, MedLife’s chairman of the board.
The firm notified the Marcu family it might take this step but has yet to launch a teaser announcing the intention to sell.
The representatives of V4C (formerly known as SGAM – Societe Generale Asset Management and now owned by three partners Bill Watson, Piotr Misztal, Jacek Pogonowksi) would not comment on the information.
MedLife is the largest private medical service operator in Romania. It has a network of six hospitals and 29 clinics, which generated about EUR80 million revenue and EUR12 million EBITDA.
The founders, the Marcu family, own the majority stake in the MedLife business, which they started in 1996. Another MedLife shareholder is International Finance Corporation, World Bank’s investment arm.
“IFC has not made any decision about its MedLife stake for the moment,” said Ana Maria Mihaescu, regional manager EU8 and the Republic of Moldova.
The Marcus have no plans to sell their 51% stake.
(English version by Loredana Fratila-Cristescu)