M&A Deal Summary

CVC Capital Partners Acquires Sebia

On October 12, 2017, private equity firm CVC Capital Partners acquired medical products company Sebia from Montagu and Astorg Partners

Acquisition Highlights
  • This is CVC Capital Partners’ 2nd transaction in the Medical Products sector.
  • This is CVC Capital Partners’ 12th transaction in France.

M&A Deal Summary

Date 2017-10-12
Target Sebia
Sector Medical Products
Buyer(s) CVC Capital Partners
Sellers(s) Montagu
Astorg Partners
Deal Type Secondary Buyout

Target

Sebia

Lisses, France
Sebia is a provider of clinical protein electrophoresis equipment and reagents, a technology used for in-vitro diagnostic testing. Its systems analyse proteins in order to screen and monitor various diseases and conditions; primarily oncology (Multiple Myeloma), metabolic disorders such as Diabetes and also Hemoglobinopathy and rare pathologies. Sebia was founded in 1967 and is headquartered in Lisses, France.

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Buyer(S) 1

Buyer

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.


DEAL STATS #
Overall 213 of 328
Sector: Medical Products M&A 2 of 6
Type: Secondary Buyout M&A Deals 45 of 78
Country: France M&A 12 of 17
Year: 2017 M&A 17 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-25 VelocityEHS

Chicago, Illinois, United States

VelocityEHS is a provider of environmental, health and safety (EHS) management software and related content that helps organisations comply with a wide range of laws. Velocity’s business is comprised of two distinct offerings: its chemicals management programme enables safety managers to comply with regulations pertaining to the management of hazardous chemicals in the workplace. VelocityEHS was founded in 1996 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-27 TMF Group

Amsterdam, Netherlands

TMF Group is a provider of accounting and corporate secretarial services. TMF provides locally-delivered outsourced business and compliance services (including corporate secretarial, tax & accounting, legal & administration and HR & payroll) to approximately 15,000 multi-national corporates, investment funds and high-net worth individuals globally. With a network of offices across over 80 countries, and headquartered in Amsterdam, TMF Group has the in-country expertise and knowledge to help businesses of all sizes expand and operate both within and beyond their home markets. TMF Group was founded in 1988 and is based in Amsterdam, Netherlands.

Buy -

Seller(S) 2

SELLER

Montagu

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 11.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Montagu is an independent private equity firm focused on European management buyouts and growth capital transactions. The Firm seeks opportunities valued between €100 million and €1 billion. Sectors of interest include healthcare, medical products, financial services, software, IT, information services, and education. Montagu dates back to 1968 and is based in London.


DEAL STATS #
Overall 66 of 76
Sector: Medical Products M&A 3 of 5
Type: Secondary Buyout M&A Deals 24 of 28
Country: France M&A 8 of 12
Year: 2017 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-25 Xtrac

Thatcham, United Kingdom

Xtrac engages in the design and manufacture of high-performance transmissions for the motorsport and automotive industry. It supplies most of the world’s top motorsport teams in both two and four-wheeled formulae across the globe, from MotoGP to Formula 1. Xtrac was founded in 1984 and is based in Thatcham, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-15 Servelec

Sheffield, United Kingdom

Servelec is a software provider to healthcare and local authorities based in the UK, to The Access Group. The company has over 40 years’ experience in developing mission-critical software solutions to deliver better care. Servelec is a trusted supplier to more than 45 NHS trusts and over 150 local authorities, providing an integrated approach across social care, healthcare, and education. Its extensive product portfolio, including systems for electronic patient records, social care case management, schools’ admissions, youth services reporting, and patient flow and bed management, is designed with the sole purpose to support effective decision-making and to maximise time spent providing efficient, patient-focused care. Servelec was formed in 1977 and is based in Sheffield, United Kingdom.

Buy -
SELLER

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 22 of 35
Sector: Medical Products M&A 2 of 3
Type: Secondary Buyout M&A Deals 14 of 22
Country: France M&A 22 of 27
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-17 Surfaces Group

Cenate Sotto, Italy

Surfaces Group is a global developer and manufacturer of value-add abrasive tools and other consumables sold to manufacturers of high-end ceramic, engineered stone, glass and niche mechanical applications. The company offers a complete set of tools and abrasives for post-production value-add operations, including lapping, polishing, coating, cutting and squaring. Surfaces Group is based in Cenate Sotto, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-09 Echosens

Paris, France

Echosens is a specialized diagnostic company providing non-invasive medical devices and services to support physicians in their diagnostic and monitoring of chronic liver diseases. Echosens was founded in 2001 and is based in Paris, France.

Buy -