M&A Deal Summary

CapVest Acquires IBA Molecular Imaging

On December 14, 2015, private equity firm CapVest acquired medical products company IBA Molecular Imaging from SK Capital Partners and IBA

Acquisition Highlights
  • This is CapVest’s 1st transaction in the Medical Products sector.
  • This is CapVest’s 1st transaction in the United States.
  • This is CapVest’s 1st transaction in Vermont.

M&A Deal Summary

Date 2015-12-14
Target IBA Molecular Imaging
Sector Medical Products
Buyer(s) CapVest
Sellers(s) SK Capital Partners
IBA
Deal Type Secondary Buyout

Target

IBA Molecular Imaging

Dulles, Vermont, United States
IBA Molecular is a global developer, manufacturer and distributor of radiopharmaceutical products and supporting services used in molecular imaging. IBA Molecular has engineered a strong and unique product portfolio and pipeline of diagnostic and therapeutic tracers aimed at advancing the development of the global movement towards personalized medicine and making molecular imaging/therapy a major discipline in healthcare. The company also provides educational, technical and marketing support to medical specialists worldwide to help better respond to patient needs.

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Buyer(S) 1

Buyer

CapVest

London, United Kingdom

Category Private Equity Firm
Founded 1999
PE ASSETS 4.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

CapVest is a UK-based private equity firm that targets investments in mid-market businesses across Europe. CapVest focuses on profitable companies with growth potential and strong management. Specific areas of interest include food/beverages (especially frozen food sector), healthcare, real estate, retail, media, hotel/leisure, and telecommunication services. CapVest is affiliated with junior capital investor, MezzVest. CapVest was formed in 1999 and is based in London.


DEAL STATS #
Overall 11 of 24
Sector: Medical Products M&A 1 of 1
Type: Secondary Buyout M&A Deals 7 of 16
State: Vermont M&A 1 of 1
Country: United States M&A 1 of 3
Year: 2015 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-28 Valeo Foods

Dublin, Ireland

Valeo Foods is a producer and innovator of branded food products including Jacobs, Rowse, Kettle, Odlums, Barratt and Balconi, among others, across various categories and channels. Valeo Foods was founded in 1845 and is based in Dublin, Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-27 Karro Food Group

Malton, United Kingdom

Karro Food Group is a vertically integrated British pork producer. Karro supplies fresh pork and cured, cooked, and frozen meats to retail, foodservice and manufacturing customers and key export markets including the US and China. Karro Food Group is based in Malton, United Kingdom.

Buy -

Seller(S) 2

SELLER

SK Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 4.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

SK Capital Partners is a private investor in mature and middle-market companies located throughout North America. SK Capital focuses on companies with opportunities for substantial business improvement and strong growth prospects. The Firm looks to invest $100 to $200 million of equity in transactions valued up to $500 million. Prospective businesses typically generate $50 to $500 million in revenues and at least $100 million in EBITDA. Areas of interest include specialty materials, chemicals and healthcare. The Firm will consider a variety of transaction situations, including buyouts, recapitalizations, growth equity financings, and corporate carve-outs. SK Capital Partners was spun out of Arsenal Capital Partners and became independent in 2007. SK Capital Partners is based in New York City.


DEAL STATS #
Overall 1 of 16
Sector: Medical Products M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 2
State: Vermont M&A 1 of 1
Country: United States M&A 1 of 11
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-06 Cambrex Drug Product- Business Unit

Whippany, New Jersey, United States

Cambrex Drug Product's Business Unit is a technology-focused contract manufacturing business with differentiated applications and capabilities in solid, semi-solid and liquid dosage forms, with a particular focus on controlled substances. Cambrex Drug Product's Business Unit was established in 2006 and is based in Whippany, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-11 Extractas Bioscience

Westbury, Australia

Extractas Bioscience is a provider in agricultural R&D and the extraction and purification of high-value plant-derived products, with a particular focus on alkaloid raw materials used in the production of active pharmaceutical ingredients. Extractas Bioscience was founded in 1975 and is based in Westbury, Australia.

Buy -
SELLER

IBA

Louvain-La-Neuve, Belgium

Category Company
Founded 1986
Sector Medical Products
Employees1,943
Revenue 498M EUR (2024)
DESCRIPTION

IBA develops innovative solutions by sharing ideas and know-how with customers, partners and leading experts to bring new solutions for the diagnosis and treatment of cancer and for the benefits of patients. IBA was founded in 1986 and is based in Louvain-La-Neuve, Belgium.


DEAL STATS #
Overall 2 of 3
Sector: Medical Products M&A 1 of 2
Type: Secondary Buyout M&A Deals 1 of 1
State: Vermont M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-18 Cisbio Bioassays SAS

Codolet, France

Cisbio Bioassays SAS is a life sciences company committed to improving human healthcare. Cisbio develops and markets products and technologies used for in vitro diagnostics and drug discovery.

Sell €25M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-17 RadioMed

Bartlett, Tennessee, United States

RadioMed Corp. is an implantable fiducial marker used for soft tissue tumor localization for enhanced accuracy in radiation therapy planning and delivery. RadioMed Corp. was established in 1997 and is based in Bartlett, Tennessee.

Sell -