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CMS advises a consortium of Swiss Life and Vesper on the acquisition of RAD-x

12 June 2024

International law firm CMS has advised a consortium of Swiss Life Asset Managers, on behalf of their infrastructure funds, and Vesper Next Generation Infrastructure Fund I SCSp on the acquisition of RAD-x, a leading Pan-European diagnostic imaging platform, from private equity investor Gilde Healthcare.

Founded in 2016 and headquartered in Mannheim, Germany, RAD-x is one of the leading diagnostic imaging providers in Germany and Switzerland. Through its continued focus on technology and innovation, RAD-x remains at the forefront of diagnostic imaging as it provides high quality and reliable diagnostic services to its patients.

Established in 2011, the Swiss Life Asset Managers Infrastructure Equity platform manages over EUR 10bn in Assets under Management for its clients and partners, and includes 75 infrastructure investments across the energy, communications, transportation, regulated utilities, social infrastructure and renewable energy sectors.

Vesper Infrastructure Partners’ Next Generation Infrastructure Fund I is a closed-end alternative investment fund based in Luxembourg managed by Fundrock LIS, which pursues value-add infrastructure investment opportunities, including in healthy living, in addition to energy transition, mobility and digital infrastructure.

CMS Corporate partner Narinder Jugpal comments: “We are delighted to have guided Swiss Life and Vesper through their investment in Rad-x. Diagnostic imaging plays a crucial role in healthcare by aiding in the accurate diagnosis, monitoring, and treatment of various medical conditions. We wish Swiss Life and Vesper all the best with their partnership and plans to accelerate the expansion of RAD-x’s footprint and support the growing focus on preventative diagnostics across Europe.”

The CMS multidisciplinary and multijurisdictional team was led by Narinder Jugpal, Sebastian Becker and Patrick Donegan, and included Ben McParland,  Jennifer Ross and Andreas Göller (London); Ole Gunnar Weyand, Martin Friedberg, Nina Becker, Caroline Rolf, Greta Ludewig, Philippe Heinzke, Sebastian Vautz, Maike Füchtmann(Düsseldorf);  Angela Emmert, Andreas Hofelich, Daniel Hennig, Dirk Schmidtbauer, Mario Brungs, Yannick Schmitter, Lennard Lürwer (Cologne); Roland Wiring, Siham Hidar, Noah Rodenkirchen (Hamburg); André Frischemeier, Thomas Schaak (Frankfurt), Thomas Hains, Anne-Flore Milet and Louise Paysant (Paris); Ferdinand Blezinger and Stephan Werlen (Geneva), and Kai Neuhaus, Björn Herbers, David Rappenglück and Moritz Pottek (Brussels).