M&A Deal Summary

Astorg Partners Acquires Open Health

On May 31, 2022, private equity firm Astorg Partners acquired communications company Open Health from Amulet Capital Partners

Acquisition Highlights
  • This is Astorg Partners’ 2nd transaction in the Communications sector.
  • This is Astorg Partners’ 9th transaction in the United Kingdom.

M&A Deal Summary

Date 2022-05-31
Target Open Health
Sector Communications
Buyer(s) Astorg Partners
Sellers(s) Amulet Capital Partners
Deal Type Secondary Buyout
Advisor(s) Houlihan Lokey (Financial)

Target

Open Health

London, United Kingdom
Open Health is an operator of multi-disciplinary health communications and market access group, operating within four core business areas: medical communications; patient and brand communications; value, informatics, and evidence; and consulting and commercialization. Open Health was founded in 2011 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Astorg Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 22.0B 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 58 of 67
Sector (Communications) 2 of 2
Type (Secondary Buyout) 31 of 37
Country (United Kingdom) 9 of 11
Year (2022) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-04 ARMOR-IIMAK

Nantes, France

ARMOR-IIMAK invents, manufactures, and markets Thermal Transfer ribbons and associated services to variable information printing specialists through sustainable partnerships with a worldwide presence. ARMOR-IIMAK was founded in 1989 and is based in Nantes, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-20 Avania

Boston, Massachusetts, United States

Avania is an integrated global, full-service CRO with specialized expertise in medical devices, novel technology, and combination products. It advances products from feasibility all the way through post-approval trials in analytics, clinical trials, consulting, regulatory, reimbursement, and more. Avania was founded in 1988 and is based in Boston, Massachusetts.

Buy -

Seller(S) 1

DESCRIPTION

Amulet Capital Partners is a private investment firm focused on middle-market investments in the healthcare sector. Amulet looks to commit $25 to $150 million per transaction to a support a variety of transaction situations including, buyouts, corporate divestitures, growth capital financings, and special situations. Amulet Capital was established in 2013 and is headquartered in Greenwich, Connecticut.


DEAL STATS #
Overall 3 of 3
Sector (Communications) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (United Kingdom) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-27 Remedy Health Media

New York, New York, United States

Remedy Health Media is a digital health platform specializing in inspirational video-based storytelling and award-winning digital brands. The Company's portfolio of brands includes HealthCentral, TheBody, TheBodyPro, BerkeleyWellness, and Healthcommunities. Remedy Health Media was founded in 1994 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-08 Lighthouse Behavioral Health Solutions

Columbus, Ohio, United States

Lighthouse Behavioral Health Solutions is a provides network of outpatient substance abuse and mental health treatment facilities. Lighthouse Behavioral Health Solutions was founded in 2018 and is based in Columbus, Ohio.

Buy -