Freshstream announces today the successful exit from its investment in Nafinco, the leading Dutch buying group for independent pharmacies, via the sale of its majority stake to Waterland Private Equity Investments.
The transaction marks the first exit from Freshstream’s first independent fund and underscores the strategic growth achieved during our partnership. Freshstream will continue to be a minority shareholder in Nafinco.
Founded in 2011, Nafinco has grown to become the leading buying group for independent pharmacies in the Netherlands. It provides its pharmacy clients with support and combined purchasing power in drug procurement and inventory management, as well as a range of digital services.
With Freshstream’s support since 2022, Nafinco has continued to grow its customer base and expanded its digital offering which now includes an innovative real-time drug recommendation tool and an omnichannel platform under the Netwerk Apotheken label, alongside other digital services such as smart dispensing and business intelligence. The company has successfully extended most of its customer contracts, helping them to navigate difficult regulatory challenges, and has renewed contracts with most wholesalers and suppliers over the last two years.
“Our partnership with the management team has been highly productive, leading to significant growth ”
Lodewijk de Graauw, Partner at Freshstream, said:
“We are very impressed with Nafinco’s development over the past two years. We continue to believe that Nafinco is the best partner for independent pharmacies, both in the Netherlands and abroad, and we look forward to staying involved throughout the next chapter of Nafinco’s journey.”