BID Equity sells its shareholding in myneva Group
After a highly successful period of organic growth, acquisitions, and platform building, BID Equity Investment III (“BID Equity”), backed by its institutional investor LFPI Group, sold the leading European social care software provider myneva Group (“myneva”) to Summa Equity Fund II (“Summa”).
myneva was formed in 2017 in Hamburg by merging German Heimbas, Daarwin and Dutch Regas Group, and the subsequent acquisition of six established socials care software specialists. Since then, myneva became a leading software provider for the social care sector, offering SaaS solutions across the elderly, disabled, social, and youth care sectors, helping care providers to digitize their workflows, and to respond to converging patient needs. The group experienced double-digit growth, significant new client wins, and invested into product innovation. Today myneva is a market leader in the DACH and BeNeLux regions with more than 2,000 customers and 220 employees.
The myneva management team will continue pursuing its strategy of providing a superior offering to European caretakers across all market segments. myneva CEO Hartmut Clausen commented: “BID Equity has been a great partner on our journey, providing the blueprint and backing to lay the foundation for our platform as well as operational support to make it happen. We now welcome Summa to help us taking this platform further on the European stage.”