Investment Summary

EQT, Ardian, Alberta Investment Management and Ampersand Capital Partners Invest In Recipharm

On February 1, 2021, private equity firm EQT, private equity firm Ardian, pension Alberta Investment Management and growth capital firm Ampersand Capital Partners invested in life science company Recipharm

Investment Highlights
  • This is EQT’s 11th, Ardian’s 14th, Alberta Investment Management’s 2nd and Ampersand Capital Partners’ 28th transaction in the Life Science sector.
  • This is EQT’s 51st, Ardian’s 6th, Alberta Investment Management’s 1st and Ampersand Capital Partners’ 1st transaction in Sweden.

Investment Summary

Date 2021-02-01
Target Recipharm
Sector Life Science
Investor(s) EQT
Ardian
Alberta Investment Management
Ampersand Capital Partners
Deal Type Stake Purchase

Target

Recipharm

Stockholm, Sweden
Recipharm is a global Pharma CDMO providing a full-service offering to leading Pharmaceutical companies and Biotechs globally. Recipharm was founded in 1995 and is based in Stockholm, Sweden.

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Investor(S) 4

Investor

EQT

Stockholm, Sweden

Investor 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 245 of 315
Sector (Life Science) 11 of 14
Type (Stake Purchase) 23 of 25
Country (Sweden) 51 of 55
Year (2021) 4 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-28 Torghatten

Brønnøysund, Norway

Torghatten is a private passenger transportation company with a focus on sea and land transportation services and is a critical part of the country's transportation infrastructure. Torghatten was founded in 1878 and is based in Brønnøysund, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-10 CYE

Herzliya, Israel

CYE brings a fact-based approach to organizational cyber defense, managing real business risks, and optimizing the cybersecurity investment. CYE serves as a trusted advisor to medium-sized and Fortune 500 companies in multiple industries around the world. CYE was founded in 2011 and is based in Herzliya, Israel.

Buy -
Investor

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 385 of 418
Sector (Life Science) 14 of 16
Type (Stake Purchase) 44 of 47
Country (Sweden) 6 of 6
Year (2021) 3 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-21 Elee

Puteaux, France

Elee is an independent tech-enabled managed services provider of software asset management and cloud computing solutions. Elee does not sell or conducts audits for vendors whose software and cloud assets it optimizes. Elee was founded in 2010 and is based in Puteaux, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-16 Photonis

Brive, France

Photonis is a designer and manufacturer of optronic components for photosensor technology and night vision systems. Photonis operates in the defense, homeland security, scientific instrumentation, and medical imaging markets. Photonis was founded in 1937 and is based in Brive, France.

Sell -
Investor

Alberta Investment Management

Investor Investor Investor Investor Investor


Category Pension
Founded 2008
PE ASSETS 4.5B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

Alberta Investment Management Corporation (AIMCo) is a Canadian diversified institutional investment manager serving pension, endowment and government funds in the province of Alberta. In addition to investing in public equities, fixed income, and debt, AIMCo looks to invest in private equity, real estate, timberlands, and infrastructure. AIMCo's private equity group invests in funds and directly in companies throughout North America and Western Europe. Areas of interest include consumer, industrials, business services, financial services, technology, and healthcare. AIMCo is based in Edmonton, with additional offices in Toronto and London.


DEAL STATS #
Overall 23 of 30
Sector (Life Science) 2 of 2
Type (Stake Purchase) 2 of 4
Country (Sweden) 1 of 1
Year (2021) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-21 RealPage

Richardson, Texas, United States

RealPage is a provider of comprehensive property management software solutions for the multifamily, commercial, single-family and vacation rental housing industries. RealPage was founded in 1998 and is based in Richardson, Texas.

Buy $10.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-16 Azuria

St. Louis, Missouri, United States

Azuria engages in infrastructure protection and provides proprietary technologies and services for the corrosion protection of industrial pipelines and for rehabilitating and strengthening sewer, water, energy, and mining piping systems, buildings, bridges and tunnels, and waterfront structures. Azuria was formed in 1971 and is based in St. Louis, Missouri.

Buy $963M
Investor

Ampersand Capital Partners

Wellesley, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1988
PE ASSETS 2.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Ampersand Capital Partners is a middle-market private equity group that concentrates on growth equity investment opportunities in the healthcare sector. The Firm looks to invest $10 to $100 million in businesses with $10 to $100 million of revenue. Specific areas of interests within healthcare include lab products, specialty diagnostic equipment, pharmaceutical outsourcing, and specialty pharma. Ampersand generally prefers to be the first and sole institutional investor. Ampersand was formed in 1988 and is based in Wellesley, Massachusetts.


DEAL STATS #
Overall 59 of 83
Sector (Life Science) 28 of 42
Type (Stake Purchase) 2 of 2
Country (Sweden) 1 of 1
Year (2021) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 Genezen

Indianapolis, Indiana, United States

Genezen is a cell and gene therapy contract development and manufacturing organization (CDMO) focused on early-phase process development, vector production, and analytical testing services. Genezen was founded in 2014 and is based in Indianapolis, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-04 Bioventus

Durham, North Carolina, United States

Bioventus provides clinical and cost-effective therapies and diagnostics to help patients regain active lifestyles. The company's innovative products include bone stimulation devices and osteoarthritis joint fluid therapies. Bioventus was incorporated in 2011 and is based in Durham, North Carolina.

Sell -