Nexxus Iberia and Capzanine acquire a minority stake in Dorsia, Eva and Origen (the “Group”), a leading franchise business operating in women’s health in Spain to support and accelerate its expansion in Spain and internationally.
The consortium made of Capzanine and Nexxus Iberia, will provide financial and strategic support to the founders, Manuel and Jorge Fernandez, who will remain the majority shareholders of the group and who will continue to manage the business. The Group operates three brands being Dorsia (Spain’s undisputed leader in aesthetic surgery and medicine treatments), Eva Fertility (leading chain in assisted reproduction and fertility services in Spain), and Origen (mental health therapies). Each brand of the Group enjoys a “high-quality service at an affordable price” positioning within its respective market.
Founded in 2002 by Manuel and Jorge Fernandez, Dorsia is the leading aesthetics surgery and aesthetics medicine group in Spain, with c. 70 clinics around the country and more than €90m system sales. Since inception, Dorsia has specialised in providing the most innovative treatments with the highest quality standards under the motto of “responsible beauty”. Its differentiated positioning and value-proposition has allowed Dorsia to become the undisputed market leader within a few years.
Eva Fertility is the fertility care branch of the Group. Founded only 3 years ago, Eva Fertility has been able to position itself as one of the leading brands in Spain within its sector, with c. 50 locations. Origen is the youngest brand of the Group, founded in 2017, and a pioneer company in providing psychology medicine retail services in Spain.
Manuel and Jorge Fernandez commented: “We decided to partner with Capzanine and Nexxus Iberia for several reasons, the main one being our common vision for the Group and our shared enthusiasm around its potential growth. We are certain we will be able to leverage on Capzanine and Nexxus Iberia’s extended experience to keep developing our brands. Our intention is to consolidate our domestic leadership in Spain and create an international leader. As founders, we look forward to leading the Group to its next growth phase with the support of two very seasoned private equity firms as investors”.
Maite Ballester, Managing Partner at Nexxus Iberia, added: “The main approach of Nexxus Iberia is to be the partner of choice for quality management teams in Iberia wanting to grow internationally. This second investment completed in the last months validates, in our view, the relevance of our positioning. Indeed, we are very impressed by the business built by Manuel and Jorge Fernandez over almost two decades and we strongly believe the Company can further scale both domestically in Spain and internationally”.
José Tomas Moliner, Country Head at Capzanine Spain, said: “Capzanine’s investment thesis is based on finding top-notch management teams and helping them expand their companies. This is the case of Manuel and Jorge Fernandez, who have been able to create a market leader with a unique positioning in a sector with strong fundamentals. The whole Capzanine team is enthusiastic with this Project, our first equity investment in Spain”