How Much of Buy & Build Outperformance Is Actually Multiple Arbitrage? Author: Grigorii Budakov-Shetelia – Associate Partner at Winterberg Group In the first volume of this series, we looked at Hammer et al. (2022), who provide fairly strong evidence that private equity-backed Buy & Build investments have historically generated above-average equity returns, even though PE […]

Buy & Build is one of the most widely used value-creation strategies in private equity. But how much evidence is there that it actually works? This is the first of a series of posts I plan to write on Buy & Build — combining academic research with some observations from my own experience working on […]

Healthcare Holding Schweiz AG, a leading Swiss service provider and distributor of medical technology, has further strengthened its portfolio through the acquisition of Compet Medical AG. Healthcare Holding Schweiz is managed by Winterberg Advisory and KKA Partners.  Baar, Switzerland – June 2026  Healthcare Holding Schweiz AG has successfully acquired Compet Medical AG, headquartered in Schindellegi […]

Healthcare Holding Schweiz AG, a leading Swiss service provider and distributor of medical technology, has further strengthened its portfolio through the acquisition of an equity stake in Alpin Orthodontics AG, headquartered in Lucerne. Healthcare Holding Schweiz is managed by Winterberg Advisory GmbH and KKA Partners.  Baar, Switzerland – March 2026  Healthcare Holding Schweiz AG has […]

Healthcare Holding Schweiz AG, a leading service provider and distributor of medical technology in Switzerland, expands its portfolio through the acquisition of PlusORTHO Prothetik GmbH, headquartered in Oftringen. Healthcare Holding Schweiz is managed by Winterberg Advisory GmbH and KKA Partners.  Baar, Switzerland – January 2026  Healthcare Holding Schweiz AG has successfully acquired PlusORTHO Prothetik GmbH, […]

TIC Holding Schweiz AG, a buy, build and technologize platform financed by Winterberg Investment X and managed by Winterberg Advisory GmbH, has acquired a stake in Vibro-Consult AG, headquartered in Brugg, Canton of Aargau, Switzerland.    Baar, Switzerland – January 2025    TIC Holding Schweiz has successfully acquired a stake in Vibro-Consult AG, based in […]

TIC Holding Schweiz AG, a buy-and-build platform backed by Winterberg Investment X and managed by Winterberg Advisory GmbH, announces the acquisition of HSE Conseils SA, headquartered in Laténa (Neuchâtel) with six additional locations across Switzerland.    Baar, Switzerland – January 2025  TIC Holding Schweiz has successfully completed the acquisition of HSE Conseils SA, whose headquarters […]

Healthcare Holding Schweiz AG, a leading service provider and distributor of medical technology in Switzerland, expands its portfolio through the acquisition of a majority stake in MedddbaseInternational AG, which includes Medddbase Schweiz AG and Medddbase Deutschland GmbH. Healthcare Holding Schweiz is managed by Winterberg Advisory GmbH and KKA Partners.  Baar, Switzerland – January 2026  Healthcare Holding Schweiz AG has successfully acquired a […]

Healthcare Holding Schweiz AG, a leading Swiss service provider and distributor of medical technology, has expanded its portfolio through the acquisition of a majority stake in Sevika Medical AG. Healthcare Holding Schweiz is managed by Winterberg Advisory GmbH and KKA Partners.  Baar, Switzerland – December 2025  Healthcare Holding Schweiz AG has successfully acquired a majority […]

Healthcare Holding Schweiz AG, ein führender Serviceanbieter und Distributor von Medizinaltechnik in der Schweiz, erweitert ihr Portfolio durch den Erwerb von Anteilen der KSM Kunden Service Management GmbH. Healthcare Holding Schweiz wird von Winterberg Advisory GmbH und KKA Partners verwaltet.  Baar, Schweiz – Dezember 2025  Healthcare Holding Schweiz AG hat Anteile der KSM Kunden Service […]