Frankfurt-based BLG Healthcare Executive Search, a leading executive search consultancy in the fields of Medical Device & Diagnostics, Pharmaceuticals and Biotech, has acquired HealthyCareers BV, for an undisclosed sum.
HealthyCareers is an Executive Search firm based in the Netherlands and shares the same sector focus as BLG, working with large corporations and smaller high-growth businesses across Benelux.
The acquisition was brokered by Breezeholme Investment Group, an existing co-investor in BLG, and an SME loan was provided by Commerzbank. Pim van de Riet, CEO of Breezeholme and Managing Director of BLG, commented: "The demand for leadership and senior management talent in the healthcare sector is outpacing supply. With the acquisition of HealthyCareers, BLG will further strengthen its strategic position in this growing market."
Thomas Lieb, Managing Partner and co-founder of BLG commented: “The acquisition is consistent with our strategy of becoming one of the top five healthcare executive search businesses in Europe. We were impressed by HealthyCareers’ market reputation, management team and client portfolio. Their experience in the strategically-important Benelux region complements our strength in Germany, Austria and Switzerland and we have very similar cultures and values.”
Thomas Lieb, Managing Partner and co-founder of BLG commented: “The acquisition is consistent with our strategy of becoming one of the top five healthcare executive search businesses in Europe."
Angelique Kleemans, co-founder and Director of HealthyCareers, added that the fit between the two businesses was the main driver for the partnership: "BLG's strong research capability and international profile will enable us to extend the range of high-quality services we offer our clients. We are delighted to be joining forces with them, and look forward to exciting growth opportunities ahead."
BLG is one of Europe’s leading specialists in Healthcare Executive Search. Founded by Thomas Lieb, Christian Maucher and Pim van de Riet in late 2011, its clients include Medical Device & Diagnostics, Pharmaceuticals, and Biotech companies, ranging from global corporations to mid-cap companies and start-ups. The company has developed a particularly strong profile in Medical Device & Diagnostics.
BLG works on assignments across Europe from their headquarters in Germany and its offices in Switzerland, Austria and (following the acquisition of HealthyCareers) Benelux. Its clients are based in Europe, the US and Asia. 2014 was an exceptionally successful year, and BLG expanded its head office to accommodate additional resources. BLG continues to look for opportunities to expand its European office network. Its longer-term strategy is to become a highly-focused healthcare executive search company with global reach.