UAE - Mubasher: A wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) has purchased a significant minority stake in Italy-based Dedalus Holding SpA, a healthcare software provider, from the global private equity firm Ardian.
Ardian remains the controlling and majority shareholder of Dedalus, which offers an extensive range of healthcare information, clinical, and administrative software solutions to hospitals, clinics, laboratories, and doctors’ practices, according to a press release on Tuesday.
With a presence in more than 40 countries, Dedalus is one of Europe’s leading healthcare IT businesses.
The acquisition is the latest investment by ADIA’s Private Equities Department (PED) across its target sectors of financial services, healthcare, industrials, technology, and consumer products.
The Executive Director of the Private Equities Department at ADIA, Hamad Shahwan Aldhaheri, said: "This transaction combines two of our key sector focuses, in healthcare and technology, with the opportunity to back a strong, experienced management team alongside our long term partners at Ardian."
Meanwhile, the Founder and President of Ardian, Dominique Senequier, commented: "Since our investment in Dedalus in 2016, the company has become a European leader in the healthcare software business."
