M&A Deal Summary

Ascendis Health Acquires Scitec Holding BV

On May 24, 2016, Ascendis Health acquired food company Scitec Holding BV from Enterprise Investors for 170M EUR

Acquisition Highlights
  • This is Ascendis Health’s 1st transaction in the Food sector.
  • This is Ascendis Health’s 2nd largest (disclosed) transaction.
  • This is Ascendis Health’s 1st transaction in the United States.
  • This is Ascendis Health’s 1st transaction in Florida.

M&A Deal Summary
Date 2016-05-24
Target Scitec Holding BV
Sector Food
Buyer(s) Ascendis Health
Sellers(s) Enterprise Investors
Deal Type Add-on Acquisition
Deal Value 170M EUR

Target

Scitec Holding BV

Orlando, Florida, United States
Scitec Nutrition is a producer and sells a wide variety of sports nutrition products.

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Buyer(S) 1

Buyer

Ascendis Health

Cape Town, South Africa
Category Company
Sector Healthcare Services
Employees30
DESCRIPTION

Ascendis Health is a health and care brands company operating in plant & animal and human health. Ascendis’ strategy is to create a synergistic group of health product brands that cover the value chain from imports of raw materials, manufacturing, brands and through to distribution to consumers via retail and direct selling channels. As one part of its growth strategy Ascendis also has a strong focus on acquisitive growth utilizing the private equity deal team of its controlling shareholder Coast2Coast.

DEAL STATS #
Overall 5 of 5
Sector (Food) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2016) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-24 Remedica

Limassol, Cyprus

Remedica Ltd. is a pharmaceutical company, dedicated to the development, production and sale of quality generic pharmaceutical products.

Buy €260M

Seller(S) 1

SELLER

Enterprise Investors

Warsaw, Poland

Investor Investor

Category Private Equity Firm
Founded 1990
PE ASSETS 2.5B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Enterprise Investors is a private equity firm focused on investments in Central and Eastern Europe, with a primary interest on opportunities in Poland. Enterprise Investors is a generalist investor and looks to commit €30 to €50 million in medium-sized businesses. Enterprise Investors was formed in 1990 and is headquartered in Warsaw.

DEAL STATS #
Overall 16 of 32
Sector (Food) 1 of 1
Type (Add-on Acquisition) 7 of 14
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 2
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-14 Noriel

Bucharest, Romania

Noriel is the toys and games distributor and cardboard games producer in Romania that recently entered into specialized toys and games retail. Noriel was founded in 1993 and is based in Bucharest, Romania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-23 Profi

Timisoara, Romania

Profi is a supermarket chain in Romania, operating 65 stores in 47 Romanian cities. Profi is the modern retail network with the largest geographical expansion in Romania. Profi was founded in 2000 and is based in Timisoara, Romania.

Sell -
Mergr

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