Transaction summary

AMSTERDAM, 28 March 2024 – Mentha has signed an agreement to sell its majority stake in paraDIGMA group (“paraDIGMA”), one of the Netherlands’ leading occupational health providers in the field of sustainable employability, to Castik Capital (“Castik”), a European private equity firm. In 2020, Mentha acquired a majority stake to further professionalize and grow the company. Under Mentha’s ownership, the number of employees has quadrupled, and national coverage has been achieved through an office network with nine locations across the Netherlands. In addition to strong growth through expansion of the organization and attracting new customers, various acquisitions have further expanded the service offering of the paraDIGMA group. Now paraDIGMA plans to continue its organic and inorganic growth, further strengthen its service portfolio and expand its digital offering under Castik’s ownership.

The transaction is subject to the approval of the Dutch Healthcare Authority (NZa) and Authority for Consumers & Market (ACM). Financial details of the transaction are not disclosed.

Press releases: Mentha and Castik Capital

Emendo Capital acted as exclusive financial adviser to Mentha.

About paraDIGMA Group

paraDIGMA group is a distinctive group of companies in the field of sustainable employability, active through a national network and more than 1,000 employees. The largest division De Arbodienst is an occupational health and safety service provider with a unique view on absenteeism, which leads to a progressive and highly effective absenteeism and health policy within organizations. The other components include psychological interventions, outplacement and reintegration, occupational research and advice and company training. The company was founded in 2003 by Rudo Vissers, who is currently still active within the group as strategic advisor.

For additional information on paraDIGMA Group, visit https://www.paradigma.nl/en/

About Mentha

Mentha is an independent private equity fund active in the lower middle segment in the Netherlands, Belgium, Denmark and Germany. Mentha invests in established, medium-sized and profitable companies with clear growth opportunities. These include organic growth, international expansion and buy-and-build. Mentha is looking for an active collaboration with the companies based on enterprise, growth acceleration and transformation, reinforced by a focus on the human factor and sustainability.

For additional information on Mentha, visit https://mentha.eu/

About Castik Capital

Castik Capital manages investments in private equity. Castik is a European private equity firm, acquiring significant ownership positions in European private and public companies, where long-term value can be generated through active partnerships with management teams. Founded in 2014, Castik is based in Luxembourg and focuses on identifying and developing investment opportunities across Europe. Investments are made by the Luxembourg-based fund, EPIC II SLP. The advisor to Castik Capital S.à r.l. is Castik Capital Partners GmbH, based in Munich.

For additional information on Castik Capital, visit https://www.castik.com/