M&A Deal Summary

Andera Partners and Africinvest Acquire Spengler

On April 26, 2021, private equity firm Andera Partners and growth capital firm Africinvest acquired medical products company Spengler

Acquisition Highlights
  • This is Andera Partners’ 6th and Africinvest’s 2nd transaction in the Medical Products sector.
  • This is Andera Partners’ 54th and Africinvest’s 9th transaction in France.

M&A Deal Summary

Date 2021-04-26
Target Spengler
Sector Medical Products
Buyer(s) Andera Partners
Africinvest
Deal Type Buyout (LBO, MBO, MBI)

Target

Spengler

Aix-en-Provence, France
Spengler is a supplier of medical and surgical equipment, medical furniture, and medical clothing. The brand is recognized for its products that are both effective and clever for taking care of caregivers. Spengler is based in Aix-en-Provence, France.

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Buyer(S) 2

Buyer

Andera Partners

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 3.7B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Andera Partners is a private investment firm focused on several strategies. The Firm invests in life science opportunities through its BioDiscovery group. The Firm invests in Western European small to mid-sized companies (€30 to €300 million of revenue) through its Winch Capital group. Andera invests in small to mid-sized French companies (€10 to €100 million of revenue) through its Cabestan Capital team. Andera invests in €5 to €45 million of mezzanine capital to support small to mid-sized French companies. Andera Partners was established in 2001 and is headquartered in Paris.


DEAL STATS #
Overall 83 of 105
Sector (Medical Products) 6 of 6
Type (Buyout (LBO, MBO, MBI)) 16 of 17
Country (France) 54 of 69
Year (2021) 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-04 Skill & You

Montrouge, France

Skill & You is a vocational e-learning provider with 120,000 students and 850 employees and has established itself as a market leader in France and Spain. The Group’s unrivaled portfolio of 220 courses largely lead to state diplomas and cover a wide range of professional fields (healthcare, childcare, animal health, IT & digital, accounting and administration, public service, and construction, among others). As a member of the EdTech France association, Skill & You also plays a major role in fostering the development of e-learning in France. Skill & You is based in Montrouge, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-11 TimeOne

Perret, France

TimeOne is a digital marketing company, specialized in data analytics, covers all stages of the client conversion funnel (reputation, engagement, conversion, re-purchase) via its online marketing solutions: Performance, Mobile, Lead Management Technology, Native, Social, Programmatic and Publishing. TimeOne was founded in 2005 and is based in Perret, France.

Sell -
Buyer

Africinvest

Tunis, Tunisia

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1994
PE ASSETS 1.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Africinvest is a private equity firm focused on growth investments in African companies. The Firm generally targets minority investments in small to medium-sized companies, but Africinvest will consider select majority situations. Africinvest does not have any sector preferences and looks to hold for 4 to 6 years. Africinvest was formed in 1994 and is headquartered in Tunis, Tunisia.


DEAL STATS #
Overall 39 of 54
Sector (Medical Products) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 6 of 10
Country (France) 9 of 15
Year (2021) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-11 Aerobotics

Cape Town, South Africa

Aerobotics develops a machine learning technology using high resolution and multi-dimensional sensing imagery from drones and satellites to provide tree specific insights with information on tree count, size, health and chlorophyll levels. The solution is also able to provide fruit-specific information from high-resolution imagery (fruit detection, size and color), which is critical in predicting yield and ultimately profit. Aerobotics is based in Cape Town, South Africa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-24 Ragni

Cagnes-sur-Mer, France

Ragni designs, manufactures and distributes public lighting supports. Ragni luminaires adapt to a large number of applications and make it possible to carry out any type of lighting project. The products are now equipped with LEDs and the entire pre-existing range is compatible with LED. Ragni was founded in 1927 and is based in Cagnes-sur-Mer, France.

Buy -