M&A Deal Summary

Bupa Acquires LUX MED Sp. z o.o.

On January 2, 2013, Bupa acquired healthcare services company LUX MED Sp. z o.o. from Mid Europa Partners for 400M EUR

Acquisition Highlights
  • This is Bupa’s 3rd transaction in the Healthcare Services sector.
  • This is Bupa’s 3rd largest (disclosed) transaction.
  • This is Bupa’s 2nd transaction in Poland.

M&A Deal Summary

Date 2013-01-02
Target LUX MED Sp. z o.o.
Sector Healthcare Services
Buyer(s) Bupa
Sellers(s) Mid Europa Partners
Deal Type Add-on Acquisition
Deal Value 400M EUR

Target

LUX MED Sp. z o.o.

Warsaw, Poland
Lux Med offers comprehensive outpatient medical care and diagnostic services to corporate and individual subscribers. The company, which serves over 330,000 subscribers, operates a network of 16 branded clinics located in the largest Polish cities and cooperates with over 650 affiliated private providers throughout Poland.

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Buyer(S) 1

Buyer

Bupa

London, United Kingdom

Category Company
Founded 1947
Sector Healthcare Services
Employees84,000
DESCRIPTION

Bupa is a global health and care company serving 32 million customers in 190 countries. Company purpose is to help people live longer, healthier, happier lives. With no shareholders, we reinvest our profits in more and better healthcare for customers. Founded in 1947 in the UK,now employ 84,000 people, primarily in the UK, Australia, Spain, Poland, New Zealand and Chile, as well as Saudi Arabia, Hong Kong, India, Thailand and the US.


DEAL STATS #
Overall 4 of 7
Sector (Healthcare Services) 3 of 5
Type (Add-on Acquisition) 4 of 6
Country (Poland) 2 of 2
Year (2013) 2 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-02 Med-Sport

Poland

Med-Sport offers CT and MRI imaging diagnostic services to public and private customers, through five facilities located in Southern Poland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-09 SurgiChem

Stockport, United Kingdom

SurgiChem Ltd. is a provider of medication adherence packaging systems and solutions to the UK community and home care markets.

Sell -

Seller(S) 1

SELLER

Mid Europa Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 5.3B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Mid Europa Partners is a private equity firm focused on investing in Central and Eastern Europe. Mid Europa prefers control based investments in market leading companies operating in industries with high barriers to entry. Sectors of interest include telecom, media, utilities, transportation, natural resources, industrial, healthcare, building materials, manufacturing, and agriculture. The Firm looks to commit €75 to €200 million of equity capital per transaction in businesses valued up to €500 million. Prospective transaction types include buyouts, take-privates, divestitures, turnarounds, and large scale expansions. Mid Europa Partners is the successor entity to EMP Europe Ltd, which was formed in 1999. Mid Europa has offices in Budapest, Warsaw, and London.


DEAL STATS #
Overall 12 of 28
Sector (Healthcare Services) 2 of 3
Type (Add-on Acquisition) 10 of 18
Country (Poland) 3 of 7
Year (2013) 2 of 3
Size (of disclosed) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-02 Med-Sport

Poland

Med-Sport offers CT and MRI imaging diagnostic services to public and private customers, through five facilities located in Southern Poland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-23 PKL

Zakopane, Poland

PKL is a company with over 85 years of tradition operating in the tourism industry, operator of mountain railways and ski lifts in seven resorts in the Tatras and Beskids: Kasprowy Wierch, Gubałówka, Jaworzyna Krynicka, Góra Parkowa, Mosorny Groń, Palenica and Góra Żar. , a comprehensive range of tourist and recreational services and has its own accommodation and restaurant base. PKL is the country's oldest provider of cable cars, ski lifts and ski slope services and is present mainly in the Tatra mountains range. PKL was founded in 1936 and is based in Zakopane, Poland.

Buy zł215M