Add-on Acquisition • Medical Products

Demant Acquires Audika Groupe

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

Acquisition Context
  • 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.

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M&A Deal Summary

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

Target Company

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 Overview 1

Buyer

Demant

Smørum, Denmark

Category Company
Founded 1904
Sector Medical Products
Employees22,057
Revenue 22.4B DKK (2024)
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 Context for Buyer #
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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-12-22 EPOS

Ballerup, Denmark

EPOS provides a comprehensive range of premium enterprise wired and wireless headsets, and other audio solutions, that build on over a century of research in psychoacoustics. Its product line is designed to reduce listening fatigue, improve voice clarity, and support cognitive performance. EPOS is based in Ballerup, Denmark.

Sell -

Seller Profile 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 Context for Seller #
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 a 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 -