Sistema Finance S.A., the international investment arm of Sistema PJSFC focused on mid-cap investments in the DACH-region and Europe, has completed the acquisition of a minority stake in Ambulantis BSW GmbH, a Berlin-based German operator of outpatient care services.
Sergey Drozdov, Managing Director of Sistema Finance S.A., said: “We are excited to support Ambulantis in achieving its growth ambitions by leveraging its existing business with the Sistema Group’s international network and healthcare sector expertise. This investment will allow us to expand our international footprint by entering the German care market segment with a highly-skilled and promising management team and will enable Ambulantis to accelerate its strategy in the German assisted living segment.”
Dr. Stefan Buchkremer, CEO and Co-founder of Ambulantis BSW GmbH, added: “This is an important milestone in the development of the firm. The capital and expertise of Sistema Finance will help our company to access additional growth opportunities and continue to deliver best-in-practice services to our customers. With the support of Sistema Finance, we are keen to jointly pursue the next growth phase of Ambulantis.”
About Ambulantis BSW GmbH
Ambulantis BSW GmbH is a fast-growing German operator of outpatient care services in the Berlin, Brandenburg and Mecklenburg-Vorpommern regions, operating 5 facilities with c. 650 clients and c. 230 employees with services including basic care, social care, nursing, intensive home care, day-care facilities, care for apartment-sharing communities and assisted living.
About Sistema Finance S.A.
Sistema Finance S.A., based in Luxembourg, is the international investment platform of Sistema PJFSC, the largest public investment holding in Russia. Since 2015 Sistema Finance S.A. has focused on €10m – €50m equity investments in assets which have the potential to generate stable cash flows and to benefit strategically from the expertise of the Sistema’s existing network.
About Sistema PJSFC
Sistema PJSFC is a publicly-traded diversified Russian holding company serving over 150 million customers in the sectors of telecommunications, high technology, banking, retail, timber processing, agriculture, real estate, pharmaceuticals, tourism and healthcare services. The company was founded in 1993. Its revenue in 2015 reached USD 11bn; its total assets equaled USD 21bn as of 31 December 2015. Sistema’s global depositary receipts are listed under the “SSA” ticker on the London Stock Exchange. Sistema’s ordinary shares are listed under the “AFKS” ticker on the Moscow Exchange.
Some of the information in this document may contain projections or other forward-looking statements regarding future events of the Sistema PJSFC, Sistema Finance S.A., or Ambulantis BSW GmbH. Such statements contain phrases like “expected”, “estimated”, “intended”, “will”, “could”, or negatives of such statements, and other similar expressions. We would like to warn you that such statements are assumptions only and the actual course of events and their results may differ significantly from such statements. We do not intend to revise such statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Due to numerous factors, the actual results of Sistema PJSFC, Sistema Finance S.A., or Ambulantis BSW GmbH may differ significantly from those stated in our assumptions and projections. Such factors may include general economic conditions, competitive environment in which we operate, risks related to operating conditions in Germany, rapid technological or market changes in our sphere of business, and many other risks directly related to Sistema PJSFC, Sistema Finance S.A., or Ambulantis BSW GmbH and their activities.