BlijWerkt has been acquired by Mentha Capital

January 2020 — Gilde Healthcare Partners has sold BlijWerkt Groep B.V. to Mentha Capital.

BlijWerkt is a Dutch provider of occupational health services that help companies manage employee absenteeism. The firm reduces the costs of absenteeism by increasing the vitality of client organizations and their employees. It also manages the process of sick leave and reintegration. BlijWerkt combines the power of the bigger players with the flexibility and personal attention of the smaller ones. The company is headquartered in Woerden, the Netherlands and is owned by Gilde Healthcare Partners, a Dutch private equity investor, since 2011. BlijWerkt has a diversified client base and is mainly active in the healthcare, government and educational sectors. The Group’s solutions are a high impact, mandatory service of negligible cost to its clients, which results in recurring revenues of +95%.

Mentha Capital is an independent investment company that focuses on the lower-end of the mid-market in the Benelux. Mentha invests in established, medium-sized and profitable companies that have the opportunity to grow further through a buy-and-build strategy, expansion into new markets or an organizational transition. With more than €400 million under management, Mentha works actively with entrepreneurs to support their companies in realizing their ambitious growth plans.

Gilde Healthcare is a specialized European healthcare investor managing €1 billion across two fund strategies: venture and growth capital and private equity. Gilde Healthcare's venture and growth capital fund invests in health tech and therapeutics. The venture and growth companies are based in Europe and North America. Gilde Healthcare's private equity fund invests in profitable European lower mid-market healthcare companies with a focus on the Benelux and DACH region. The private equity fund targets healthcare providers, suppliers of medical products and service providers in the healthcare market.

Our role in the transaction

Oaklins’ team in the Netherlands acted as the exclusive M&A advisor to the shareholders of BlijWerkt Groep B.V., including the majority shareholder Gilde Healthcare Partners.