M&A Deal Summary

Avista Healthcare Partners, Damier Group, Creafund and Baltisse Acquire Vision Consumer Health

On June 1, 2020, private equity firm Avista Healthcare Partners, private equity firm Damier Group, growth capital firm Creafund and family office Baltisse acquired consumer products company Vision Consumer Health from Vemedia for 305M EUR

Acquisition Highlights
  • This is Avista Healthcare Partners’ 2nd, Damier Group’s 2nd, Creafund’s 2nd and Baltisse’s 1st transaction in the Consumer Products sector.
  • This is Avista Healthcare Partners’ 6th, Damier Group’s 0th, Creafund’s 0th and Baltisse’s 0th largest (disclosed) transaction.
  • This is Avista Healthcare Partners’ 1st, Damier Group’s 2nd, Creafund’s 5th and Baltisse’s 4th transaction in Belgium.

M&A Deal Summary
Date 2020-06-01
Target Vision Consumer Health
Sector Consumer Products
Buyer(s) Avista Healthcare Partners
Damier Group
Creafund
Baltisse
Sellers(s) Vemedia
Deal Type Divestiture
Deal Value 305M EUR
Advisor(s) Edmond de Rothschild Corporate Finance (Financial)
Allen Overy Shearman Sterling (A&O Shearman) (Legal)

Target

Vision Consumer Health

Kortrijk, Belgium
Vision Consumer Health is an ambitious consumer healthcare company with a large portfolio of self-care brands and OTC products in several European countries. Vision Consumer Health was founded in 2017 and is based in Kortrijk, Belgium.

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Buyer(S) 4

Buyer

Avista Healthcare Partners

New York, New York, United States
Category Private Equity Firm
Founded 2005
PE ASSETS 8.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Avista Capital Partners is a private investment firm formed by a group of professionals with roots from DLJ Merchant Banking Partners. Avista makes controlling and minority investments in US based energy, healthcare, and media companies with revenues greater than $25 million. Typical transactions include leverage buyouts, build-ups, and growth capital financings. Avista Capital was formed in 2005 and is based in New York City with an additional office in Houston, Texas.

DEAL STATS #
Overall 45 of 54
Sector (Consumer Products) 2 of 2
Type (Divestiture) 8 of 8
Country (Belgium) 1 of 1
Year (2020) 2 of 3
Size (of disclosed) 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-05 XIFIN

San Diego, California, United States

XIFIN is a provider of cloud-based software and services to diagnostic service providers. XIFIN's technology platform enables end-to-end connectivity from patient to payor, linking together the many stakeholders in healthcare delivery and optimizing for the best business and patient outcomes. XIFIN is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-17 Solmetex

Marlborough, Massachusetts, United States

Solmetex is a provider of dental amalgam separator devices and amalgam recycling services to the dental industry. The company’s NXT Hg5™ Series of Amalgam Separators and recycling program, which treat dental wastewater, is highly regarded as the best solution for regulatory compliance. Solmetex was founded in 1994 and is based in Marlborough, Massachusetts.

Buy -
Buyer

Damier Group

Investor Investor Investor Investor

Category Private Equity Firm
Size Small
Type Sector Focused
DESCRIPTION

Damier Group is a private investment firm focused on the consumer healthcare sector. The Firm looks to acquire and grow established companies with €5 to €100 million in annual sales. Damier's primary objective is to acquire portfolios of brands, invest in innovative technologies to further develop companies internationally. Damier Group is based in Kortrijk, Belgium.

DEAL STATS #
Overall 3 of 4
Sector (Consumer Products) 2 of 2
Type (Divestiture) 1 of 1
Country (Belgium) 2 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-23 Zoute Grand Prix

Knokke-Heist, Belgium

Zoute Grand Prix organizes several high-end cars, art, and lifestyle events all over Europe, both with new and old cars. Proposing a diverse variety of Rallies, GT Tours, Car and Art expositions, Concours d’Elégance’s and Sales. Zoute Grand Prix was founded in 2010 and is based in Knokke-Heist, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-12 Cooper Consumer Health

Paris, France

Cooper Consumer Health is an independent OTC drug manufacturer and distributor. It operates a distinctive business model with a unique distribution network and best-in-class sales force accessing all 22,000 pharmacies. Cooper Consumer Health was formed in 2016 and is based in Paris, France.

Buy -
Buyer

Creafund

Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2001
PE ASSETS 100M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

Creafund is a private holding company that looks to acquire majority stakes in mature Belgian companies. Creafund takes majority stakes of between €5 and €25m in Belgian SMEs, being companies with EBITDA of between €2.5m and €25m, alongside entrepreneurs, family shareholders, and management. Prospective transaction situations include growth capital financings, buyouts, and consolidations. Creafund was formed in 2001 and is based in Sint-Martens-Latem, Belgium.

DEAL STATS #
Overall 6 of 12
Sector (Consumer Products) 2 of 2
Type (Divestiture) 1 of 1
Country (Belgium) 5 of 9
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-04 Mylène nv

Heist-op-den-Berg, Belgium

Formed in 1965, Mylène nv primarily offers beauty, home, and style products based in Heist-op-den-Berg, Belgium.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-01 Real

Sint-Gillis-Waas, Italy

Real is a niche player in steel construction with experience, credentials and certifications for the petrochemical industry. Real was founded in 1974 and is based in Sint-Gillis-Waas, Italy.

Buy -
Buyer

Baltisse

Investor Investor Investor Investor Investor

Category Family Office
Founded 2006
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Baltisse is a family office focused on real estate and private equity investments across Western Europe. The Firm's private equity group looks to invest €25 to €250 million to support a growth oriented buyouts and majority investments in companies that with healthy margins, strong growth prospects, and operating in large markets. Broad areas of interest include industrial, food, beverage, healthcare, energy, and services. Baltisse was formed in 2006 and is headquartered in Sint-Denijs-Westrem, Belgium.

DEAL STATS #
Overall 6 of 9
Sector (Consumer Products) 1 of 2
Type (Divestiture) 1 of 1
Country (Belgium) 4 of 6
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-31 Dolciaria Acquaviva

Naples, Italy

Dolciaria Acquaviva is a player in the attractive frozen bakery market recognized for its high-quality and innovative products. Dolciaria has a wide product portfolio serving, directly and indirectly, more than 20 thousand customers across Italy. Dolciaria Acquaviva was founded in 1979 and is based in Naples, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Stationary Care Group

Germany

Stationary Care Group is a provider of private stationary nursing care in Germany with nationwide presence and strong regional footprint in Bavaria and North Rhine Westphalia.

Buy -

Seller(S) 1

SELLER

Vemedia

Kortrijk, Belgium
Category Company
Founded 2002
Sector Life Science
DESCRIPTION

Vemedia is a producer and distributor of over the counter (OTC) drugs, food supplements and medical devices. Vemedia was established in 2002 and is headquartered in Kortrijk, Belgium.

DEAL STATS #
Overall 2 of 2
Sector (Consumer Products) 1 of 1
Type (Divestiture) 2 of 2
Country (Belgium) 2 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-28 Vision Consumer Health

Kortrijk, Belgium

Vision Consumer Health is an ambitious consumer healthcare company with a large portfolio of self-care brands and OTC products in several European countries. Vision Consumer Health was founded in 2017 and is based in Kortrijk, Belgium.

Buy -
Mergr

Product

Company

Legal