Eight Advisory performed the due diligence for Doctolib for the acquisition of Siilo
6 Mar 2023
Eight Advisory Brussels
Eight Advisory has completed financial due diligence for Doctolib in its acquisition of Dutch startup Siilo, a secure collaborative messaging system for healthcare professionals. The amount and terms of the transaction were not disclosed.
With the acquisition of Siilo, France-based Unicorn is strengthening its own messaging system for healthcare professionals, Doctolib Team, which is expected to launch in 2022. In particular, it allows healthcare professionals to exchange and share documents, access a directory of healthcare professionals, etc.
The Siilo messaging service was founded in 2016. The company employs around 40 people and claims to have no less than 500,000 users who exchange an average of 40 million messages per month. The company’s headquarters are still located in Amsterdam.
Doctolib was founded in 2013 and currently has 2,800 employees. The platform is currently used by 70 million people in Europe. It had acquired MonDocteur (2018), Dottori (2021) and Tanker (2022).
Edouard Decamp, partner, said:
“We are pleased to have accompanied Doctolib in its acquisition of the Siilo messaging service. This is an important transaction that will allow the French unicorn to strengthen its leadership position in the European market.”
The Eight Advisory team was led by
– Edouard Decamp Partner Transaction Services