M&A Deal Summary

Astorg Partners Acquires Demetra

On August 6, 2021, private equity firm Astorg Partners acquired medical products company Demetra from Keensight Capital

Acquisition Highlights
  • This is Astorg Partners’ 6th transaction in the Medical Products sector.
  • This is Astorg Partners’ 3rd transaction in Italy.

M&A Deal Summary
Date 2021-08-06
Target Demetra
Sector Medical Products
Buyer(s) Astorg Partners
Sellers(s) Keensight Capital
Deal Type Secondary Buyout

Target

Demetra

Sommacampagna, Italy
website
Demetra develops, manufactures, and distributes products used in orthopaedic implant surgeries and spine interventions. The company is a supplier of bone cement, a product used for the fixation of orthopaedic implants and for the filling of vertebral compression fractures. Demetra’s preformed spacers are the industry standard and allow to better treat infections, to reduce surgery time and to improve patient mobility compared to previous generation products. The Company serves all the major players in the orthopaedic industry and has highly diversified sales in terms of geography and product mix. Demetra has four facilities in Europe, the US, and China. Demetra was founded in 2016 and is based in Sommacampagna, Italy.

Search 192,611 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Astorg Partners

Paris, France

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1998
PE ASSETS 10.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Astorg Partners is a private equity firm that targets small to midcap company investments primarily in France and to a limited extent, Western Europe. Astorg Partners looks for companies valued between €400 million and €2 billion, requiring at least €15 million in equity. Areas of interest include healthcare, retail, distribution, hospitality, and professional services. Prospective transaction situations include leverage build-ups, divestitures, family transitions, and secondary buyouts. Astorg Partners was formed in 1998 and is based in Paris and has additional offices in London and Luxembourg.

DEAL STATS #
Overall 55 of 65
Sector (Medical Products) 6 of 8
Type (Secondary Buyout) 30 of 36
Country (Italy) 3 of 3
Year (2021) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-18 Fenergo

Dublin, Ireland

Fenergo is a provider of Client Lifecycle Management software solutions for investment banks, capital market firms, and private banks. Fenergo was founded in 2008 and is based in Dublin, Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-10 Flowbird Group

Paris, France

Flowbird Group is a provider of parking management solutions and a major player in public transport ticketing equipment. The company operates through two business divisions, Smart Parking operates across the whole value chain of the on-street parking management and Smart Transport provides ticketing solutions (connected ticket and validation terminals) and associated software systems for public transport. Flowbird Group is based in Paris, France.

Sell -

Seller(S) 1

SELLER

Keensight Capital

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2000
Size Small
Type Sector Agnostic
DESCRIPTION

Keensight Capital is a private equity investment firm focused on majority and minority growth capital investments in Western European companies. Keensight makes equity investments in a number of situations including the provision of capital to finance growth, either organically or through acquisitions, or the buying out of existing shareholders. The Firm looks to invest €10 to €50 million and will consider business with up to €150 million in revenue. Keensight Capital was formed in 2000 and is based in Paris.

DEAL STATS #
Overall 16 of 19
Sector (Medical Products) 3 of 4
Type (Secondary Buyout) 6 of 7
Country (Italy) 2 of 2
Year (2021) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-20 ASTI Mobile Robotics

Burgos, Spain

ASTI Mobile Robotics is an autonomous mobile robot (AMR) manufacturer with a broad portfolio across all major applications enabled by the company’s software suite. Its operations include project analysis, development, manufacturing, installation, and maintenance of automated material handling solutions. ASTI Mobile Robotics was founded in 1982 and is based in Burgos, Spain.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-26 Unither Pharmaceuticals

Amiens Cedex 2, France

Unither Pharmaceuticals is a developer and manufacturer of pharmaceuticals products. Unither operates six manufacturing sites in France, the United States, and Brazil, and has a dedicated research and development center in Europe. Unither Pharmaceuticals was founded in 1993 and is based in Amiens, France.

Sell -
Mergr

Product

Company

Legal