Otto Group acquires a majority stake in the Medgate Group
18 mars 2022 – The Otto Group, an international trading and service company based in Hamburg, acquires a majority stake in Medgate Holding based in Basel. Otto Group became the new majority shareholder of Medgate Holding by subscribing to all the new shares created in a capital increase and buying out certain existing shareholders. In this context, AEVIS VICTORIA SA, which previously held a 40% stake, has sold its shares and is no longer a shareholder.
Medgate aims to become a leading global provider of digital health and plans to expand its geographical area of operations. As part of transaction Medgate Holding took over Cologne-based BetterDoc GmbH, the European market leader for finding and placing highly specialized doctors.
Walder Wyss advised Medgate on all legal matters in the transaction. The team included Markus Vischer (Partner, Corporate/M&A), Samuel Lieberherr (Managing Associate, Corporate/M&A), Dominik Aerni (Senior Associate, Corporate/M&A) and Timon Nydegger (Senior Associate, Corporate/M&A).