Bringing you live news and features since 2006 

PineBridge Investments acquires 50 per cent stake in Promedica24

RELATED TOPICS​

PineBridge Investments has acquired a 50 per cent stake in Promedica24 from its three founders.



Promedica24 is a provider of household services and care for the elderly, medical recruitment, and rehabilitation services in Poland and Germany.

The company is headquartered in Poland and has approximately 2,000 employees.

“We are delighted to announce our investment in Promedica24. The strong market drivers and growth potential present an excellent opportunity for the company to continue its fast growth and further strengthen its position in the market. With PineBridge’s industry experience, financial resources and our focus on creating long-term value, we look forward to working closely with Promedica24 to continue its rapid growth and further strengthen its position in a fragmented market,” says Artur Haze, director of PineBridge Investments (Central Europe).

Rafal Rzezniczak, chief executive of Promedica24, says: “The ongoing commitment of existing shareholders, coupled with the new investment by a leading private equity investor, underlines Promedica24’s commitment to quality service and our future prospects. The combined strengths of Promedica24 and PineBridge Investments will allow the company to implement innovative solutions in terms of quality and accessibility of its services as well as facilitate the development of pioneering solutions for the provision of cross-border services.”

PineBridge Investments was advised by Baker & McKenzie and Ernst & Young in this transaction. Promedica24 was advised by Weil, Gotshal & Manges and CAG.

Latest News

BlackRock s iShares an undisputed leader among European ETF issuers pushed further ahead in Q1 with EUR173 billion in trades..
European ETFs raised USD47 8 billion in Q1 a 15 per cent increase compared to the same period in 2023..
LSEG Lipper s March report finds that globally equity ETFs +EUR113 2 billion enjoyed the highest estimated net inflows for..
Morningstar has published a review of the European ETF market for the first quarter 2024 which finds that it gathered..

Related Articles

etf active trading
Latest Morningstar data shows actively managed ETFs share of the US ETF market rose to 8 5 per cent at...
Kristen Mierzwa, FTSE Russell
Index Investments Group IIG a division within index provider FTSE Russell has extended its range of indices through two new...
ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023 with an introductory suite of 11 ETFs seven thematic and four fundamental...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by