October 23, 2019 Press

SMP advises Provascular on takeover by HMP

Berlin – Schnittker Möllmann Partners (SMP) advised Provascular, a German provider of cardiovascular trainings and events, on the sale of all of Provascular's shares to the private-equity-financed U.S. company Healthcare Made Practical (HMP). The parties have agreed to keep the terms of the transaction confidential. Provascular's management team under the leadership of Dierk Scheinert and Andrej Schmidt will remain with the company in their current function. In addition, the takeover involves an agreement on a strategic alliance with the congress organizers CongO. More specifically, going forward it is planned to jointly organize the Leipzig Interventional Course (LINC). Moreover, HMP announced the establishment of HMP Europe in order to tap more efficiently into the company's growth potential on the European market. The sellers received advice and support from a team led by SMP partner Benjamin Ullrich. In the context of the acquisition by HMP, the SMP team advised Provascular on all legal matters in the course of the transaction.

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Frederic Sobottka
Marketing Manager, Berlin Office