Pava Partners advised the shareholders of HBSN Group (“HBSN”), the leading healthcare IT specialist for holistic digitalization in the German healthcare sector, on the transaction to ]init[ Aktiengesellschaft für digitale Kommunikation (“]init[”). ]init[,a leading provider of digitization in the public sector and regulated industries, is a portfolio company of EMERAM and Rivean Capital.

With this transaction, HBSN including xitee, a group company of HBSN and a specialized IT service provider with expertise and customers in highly regulated industries, will become part of the ]init[-Group. The acquisition of the healthcare IT specialist and its unique positioning in the German healthcare market will strategically strengthen ]init[. At the same time, HBSN will be supported in several areas of development by ]init[ as a strategic partner and new owner. Both parties consider the range of services and customer orientation to be complementary and have clear ideas on how to pursue joint development potential.

HBSN is a specialized IT service provider in the healthcare market with almost two decades of experience. The industry is characterized by increasingly stringent regulatory requirements and is mainly financed by public contributions. The company offers a holistic range of services with a strong focus on security and quality for its customers. Through organic and inorganic growth, the service portfolio has been systematically and strategically expanded. HBSN offers specialized and complementary services for every phase of development on the path to digital transformation, from consulting and certification to software development, infrastructure and managed services. The range of customers extends across all levels of the healthcare system and includes, among others, health departments, statutory and private health insurance companies, health insurance medical service as well as hospitals.

]init[ is the leading expert for digitization in the public sector and regulated industries. The company, founded in 1995, offers simple and sustainable solutions through a holistic approach to digitization, from consulting and conception to development and operation.

“We would like to thank Pava Partners for the excellent cooperation in this intensive process. The team did an excellent job of communicating our unique added value in customer projects and our strategic market positioning with the company’s high growth potential, and in doing so, they found the ideal partner for our future in ]init[. We would like to express our sincere thanks for this,” says Tobias Niemann, Founder of HBSN.

About HBSN

HBSN Group (“HBSN”) has been offering a holistic consulting and service portfolio specializing in healthcare since 2006 and, since 2021, expanded for the public sector. The service and consulting company has proven itself as an established and strategic partner of well-known customers, public corporations, associations and organizations.

With its teams of experts in the respective service lines and their networking, HBSN advises and supports its customers in a highly individualized manner on all upcoming technical issues, and it does so in a holistic, innovative and customized way. The company covers a wide range of challenges and issues with a broad range of professional advice on data protection & information security, auditing & certification, as well as individual software development, IT services, operations and cloud services, in order to shape the future of the healthcare industry and public administration sustainably together with its customers. In doing so, HBSN’s guiding principle is to offer solid work with sustainable results based on many years of experience, technical, social and project expertise.

More information at www.hbsn-gruppe.de/en.

About xitee

xitee is an IT service provider based in Prague, Czech Republic. Their main focus is software development, software testing, IT consulting, cloudification and information security. The core areas of their expertise are the digital businesses, finance & energy and healthcare sectors.

More information at www.xitee.com.

About ]init[

]init[ AG für digitale Kommunikation is the most effective expert for digitalization in the public sector and regulated industries.

Founded in 1995, the company employs around 1,400 people in Berlin, Hamburg, Cologne, Leipzig, Munich and Mainz. The company offers simple and sustainable solutions through a holistic approach to digitalization, from consulting and conception to development and operation.

The clientele includes the Press and Information Office of the Federal Government as well as numerous federal and state ministries, Continental AG and BSH Hausgeräte. ]init[ ranks third in the BVDW ranking of full-service internet agencies. In 2024, ]init[ was honored with the Best Managed Companies Award as an excellently managed company.

Further subsidiaries of ]init[ AG are the Swiss Ironforge Consulting AG with offices in Bern and Zurich and ]init[.DCP – Digital Communication Portugal, Unipessoal Lda in Porto.

More information at www.init.de/en.

About EMERAM

EMERAM is one of the leading investment managers for investments in mid-sized companies in the German-speaking region. The funds advised by EMERAM provide more than 800 million euros in capital for the development of growth companies. The investment strategy focuses on the sectors Digital Transformation, Health and Well-Being, as well as Energy Transition. EMERAM acts as a long-term business development partner for its portfolio companies and promotes sustainable growth (both organic and inorganic). In addition, the implementation of comprehensive ESG concepts is a key focus.

Currently, the portfolio consists of eight platform investments with a total of more than 3,500 employees. Additionally, a total of 34 add-on acquisitions have accelerated growth and enabled international expansion.

More information at www.emeram.com/en.

About Rivean Capital

Rivean Capital is a leading European private equity investor in mid-market transactions with operations in the Benelux, DACH region, and Italy. With offices in Frankfurt am Main (GER), Amsterdam (NL), Brussels (BE), Zug (CH) and Milan (IT), funds advised by Rivean Capital manage more than €5bn assets. Since its inception in 1982, Rivean has supported more than 250 companies in realizing their growth ambitions and has a strong track record of supporting and scaling successful businesses with cross-border growth agendas, including footprint expansions and operational excellence trajectories.

More information at www.riveancapital.com.