Deal Announcement 08/21: Healthcare

PwC acted as exclusive M&A advisor to EQT Infrastructure on the acquisition of Blikk Holding, one of the leading outpatient radiology groups in Germany, from Deutsche Beteiligungs AG

The Deal

The German PwC M&A team is pleased to announce the successful Closing of the acquisition of Blikk Holding GmbH (“Blikk) by EQT Infrastructure (“EQT”). Based on its profound sector expertise PwC was able to provide EQT with strategic M&A advisory services on this transaction.

EQT plans to combine Blikk Holding with Meine Radiology Holding after the closing both transactions to form the largest radiology and radiotherapy platform in Germany.

The share purchase agreement was signed in July 2021 and the transaction was closed on 31 August 2021.


Blikk is one of the leading providers of (outpatient) imaging/ radiology services in Germany. Founded in 2017 and headquartered in Dortmund, the company currently operates over 30 practices across several German cities with approx. 700 employees.


EQT is a purpose-driven global investment organization with more than EUR 67 billion in assets under management across 26 active funds. EQT funds have portfolio companies in Europe, Asia-Pacific and the Americas with total sales of approximately EUR 29 billion and more than 175,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

Deutsche Beteiligungs AG

Deutsche Beteiligungs AG is a listed private equity company. The investment focus of the firm is on German Mittelstand companies. These mid-market businesses are the backbone of the German economy. The company has made more than 300 investments since its inception in 1965 and has assets under management of EUR 2.5 billion.


The global PricewaterhouseCoopers network is a worldwide association of independent auditing and consulting companies which together employ more than 280,000 people in 157 countries. Our global network comprises over 1,600 M&A professionals all over the world, realising approx. 400 successful transactions per year. We specialise in a wide range of independent M&A services including advice on acquisitions and disposals, mergers, public takeovers, privatisations as well as structured financing.

PwC M&A Germany acted as exclusive M&A advisor to EQT Infrastructure on this transaction. The transaction was led by Alexander von Friesen (Partner) and supported by Matthias Altmann (Senior Associate), Sebastian Leker (Associate), and Jannik Alt (Associate).

Deal Announcement 08/21: Healthcare

Contact us

Dr. Alexander von Friesen

Dr. Alexander von Friesen

Partner, Corporate Finance | M&A Healthcare & Consumer, PwC Germany

Tel.: +49 151 11714398

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