M&A Deal Summary

Demant Acquires Audika Groupe

On September 29, 2015, Demant acquired medical products company Audika Groupe from European Capital for 91M EUR

Acquisition Highlights
  • This is Demant’s 1st transaction in the Medical Products sector.
  • This is Demant’s largest (disclosed) transaction.
  • This is Demant’s 1st transaction in France.

M&A Deal Summary
Date 2015-09-29
Target Audika Groupe
Sector Medical Products
Buyer(s) Demant
Sellers(s) European Capital
Deal Type Add-on Acquisition
Deal Value 91M EUR

Target

Audika Groupe

Paris, France
Audika Groupe is a manufacturer and seller of hearing devices in France and Italy. Audika is the 1st French network of hearing with over 460 centers in France, nearly 10 centers in Belgium, more than 800 employees, 40 years of experience dedicated exclusively to the hearing. Given its development, Audika is recruiting in all areas including in the departments where its implementation remains to be completed.

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Buyer(S) 1

Buyer

Demant

Smørum, Denmark
Category Company
Founded 1904
Sector Medical Products
Employees21,501
Revenue 22.4B DKK (2023)
DESCRIPTION

Demant of international companies develops, manufactures and sells innovative solutions with the aim to make a life-changing difference to millions of people worldwide. Company solutions incorporate microelectronics, micromechanics, wireless technology, software and audiology. From the independent dispenser and large retail chains to the audiologist, ENT (ear, nose, throat) doctor, children’s nurse or hospital surgeon, company work with customers and partners to serve the individual needs of the end-user. Demant was founded in 1904 and is based in Smørum, Denmark.

DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (France) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

European Capital

London, United Kingdom
Category Private Equity Firm
Founded 2005
PE ASSETS 1.2B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

European Capital is the European investment affiliate of American Capital. European Capital looks to provide a variety of investment and financing solutions including unitranche debt, mezzanine capital, senior debt, and equity co-investment. Funds are typically used to support buyouts, recapitalizations, finance growth, and make acquisitions. European Capital is sector agnostic, however the Firm has a preference for investments in the consumer, technology, manufacturing, services, and distribution sectors. European Capital was formed in 2005 and is based in London.

DEAL STATS #
Overall 44 of 54
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 15 of 17
Country (France) 16 of 19
Year (2015) 5 of 6
Size (of disclosed) 19 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-29 Autodistribution

Arcueil, France

Autodistribution is a distributor of car and heavy goods vehicle parts. Autodistribution was founded in 1962 and is based in Arcueil, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-02 Scandic

Stockholm, Sweden

Scandic owns and operates of hotel chain in the Nordic region with approximately 230 hotels in eight countries, the majority in the Nordic region, with the rest in other European locations. Scandic was founded in 1963 and is based in Stockholm, Sweden.

Sell -
Mergr

Product

Company

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