M&A Deal Summary

EQT Acquires Mabtech

On January 9, 2024, private equity firm EQT acquired life science company Mabtech from IK Partners and Merieux Equity Partners

Acquisition Highlights
  • This is EQT’s 14th transaction in the Life Science sector.
  • This is EQT’s 54th transaction in Sweden.

M&A Deal Summary

Date 2024-01-09
Target Mabtech
Sector Life Science
Buyer(s) EQT
Sellers(s) IK Partners
Merieux Equity Partners
Deal Type Secondary Buyout

Target

Mabtech

Nacka Strand, Sweden
Mabtech is a biotech company specialising in immune monitoring products used by companies and researchers on a global scale. Mabtech was founded in 1986 and is based in Nacka Strand, Sweden.

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Buyer(S) 1

Buyer

EQT

Stockholm, Sweden

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 293 of 317
Sector (Life Science) 14 of 14
Type (Secondary Buyout) 86 of 98
Country (Sweden) 54 of 55
Year (2024) 1 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-22 Indium

Cupertino, California, United States

Indium is a digital engineering company, focused on building modern solutions across applications, data, and gaming for its clients. With deep expertise in next-generation offerings combining data and applications, the company offers a wide range of services including product engineering, low-code development, data engineering, AI/ML, digital assurance, and end-to-end gaming tech. Indium Software is based in Cupertino, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-14 Ottobock

Duderstadt, Germany

Ottobock develops medical technology products and fitting concepts for people with limited mobility in the fields of Prosthetics, Orthotics, Human Mobility (wheelchairs, rehabilitation devices), and medical care. Ottobock was founded in 1919 and is based in Duderstadt, Germany.

Sell -

Seller(S) 2

SELLER

IK Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 14.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

IK Partners is a private equity firm that targets control investments in lower middle-market to large-sized companies throughout Europe. IK focuses on growth businesses located in the Benelux region, as well as Denmark, Finland, France, Germany, Norway and Sweden. The Firm looks to commit €10 to €300 million of equity capital per transaction and targets companies with strong cash-flows. IK Investment Partners was formerly known as Industry Kapital. IK Partners was formed in 1989 and is based in London, England.


DEAL STATS #
Overall 111 of 121
Sector (Life Science) 3 of 3
Type (Secondary Buyout) 47 of 51
Country (Sweden) 29 of 31
Year (2024) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-04 Kooi Camera Surveillance

Drachten, Netherlands

Kooi Camera Surveillance is a provider of temporary video surveillance (“TVS”) and rising early-detection (“RED”) fire alarm systems, including a range of Units for Observations (“UFOs”). The Company has a strong heritage in renewables and furthermore, serves clients in the construction and infrastructure space, with significant experience in off-grid power-supply such as solar panels and bio-fuel generators. Kooi provides an end-to-end service from technical advice, delivery, installation and 24/7 monitoring through its own alarm centres. Kooi Camera Surveillance was founded in Drachten, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-28 Schwingshandl

Holzhausen, Austria

Schwingshandl is an innovative, project-oriented engineering and for extremely short lead times during planning, designing and manufacturing stages according to customer requirements. It has a strong focus on customisation relating to loading, handling and storage technologies. Schwingshandl was founded in 2003 and is based in Holzhausen, Austria.

Buy -
SELLER

Merieux Equity Partners

Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2009
PE ASSETS 1.3B EUR
Size Large
Type Sector Focused
DESCRIPTION

Mérieux Développement SAS is a venture and growth capital investment firm associated with family holding company Institut Mérieux. The Firm focuses on the health and nutrition sectors and will consider opportunities throughout North America and Europe. Mérieux Développement SAS was established in 2009 and is headquartered in Lyon, France.


DEAL STATS #
Overall 4 of 5
Sector (Life Science) 2 of 3
Type (Secondary Buyout) 3 of 3
Country (Sweden) 1 of 1
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-21 Piercan

San Marcos, California, United States

Piercan is an isolator and dry-box gloves manufacturer for the pharmaceutical and nuclear industries. The group operates 3 production sites located in France and in the US (2 glove and technical part production sites; 1 plastic part production site). Piercan was founded in 1948 and is based in San Marcos, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-05 InnoSyn

Geleen, Netherlands

InnoSyn is applying innovative and cost-efficient technologies such as flow chemistry, bio- and chemocatalysis, to advance the competitiveness of customers across the (fine) chemical industries. InnoSyn is based in Geleen, Netherlands.

Buy -