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MedLife, the biggest private IPO in BVB’s history, earning RON 230 M

MedLife, one of the most important players on the domestic market of private healthcare services, managed to raise by the deadline set on Friday, December 16, RON 230 million (EUR 50.9 million) from private investors for the shareholders who want to leave the company.

According to RTPR Allen & Overy involved in offering consultancy for MedLife’s listing, the sum makes from company’s IPO, the most successful operation ever made at Bucharest Stock Exchange (BVB) by a private company.

The stake that was put on sale by MedLife’ shareholders: V4C Eastern Europe Holding V Limited, International Finance Corporation (IFC), member of World Bank.

Before the IPO, V4C private equity fund have a stake of 36.25 percent in Medlife and IFC – 12.75 percent.

Marcu family will continue to control the business and remains the majority shareholder with 51 percent stake in the company, given that has not sold any share in the IPO.

IFC also still holds at least 5 percent of the company upon the completion of the offer. Instead, V4C came out completely from MedLife shareholding. MedLife shares will enter on trading this week.

Trading in MedLife’s shares on the BVB under the symbol ‘M’ is expected to start on December 21. The stock price stabilization period will end no later than 20 January 2017.
MedLife launched the IPO on the BVB on December 7, hoping to raise up to RON 308 million.

On September 30, 2016, MedLife Group operated 36 clinics, 8 generalist and specialised hospitals, 24 laboratories with more than 143 collection points for medical tests, 9 pharmacies, 8 dental offices, serving over half a million customers in Romania.



About Anca Bernovici