M&A Deal Summary

Evidia Acquires 4ways

On April 5, 2023, Evidia acquired medical products company 4ways from ECI Partners

Acquisition Highlights
  • This is Evidia’s 1st transaction in the Medical Products sector.
  • This is Evidia’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2023-04-05
Target 4ways
Sector Medical Products
Buyer(s) Evidia
Sellers(s) ECI Partners
Deal Type Add-on Acquisition

Target

4ways

Hertfordshire, United Kingdom
4ways is a high-growth, teleradiology company. 4ways uses its sophisticated technology platform to deliver a 24hrs a day, tech-enabled service, providing routine, out-of-hours, and specialist clinical reporting on diagnostic images which helps hospitals, CCGs, and other healthcare providers to deliver quality and efficient care to patients. 4ways was founded in 2005 and is based in Hertfordshire, United Kingdom.

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Buyer(S) 1

Buyer

Evidia

Dortmund, Germany

Category Company
Sector Medical Products
DESCRIPTION

Evidia is a radiology and radiotherapy services provider across Germany, Sweden, and Norway. The group was formed through the combination of Meine Radiologie Holdings, blikk Holding, and Aleris Imaging Group, and performs over 3 million scans per year. Evidia is based in Dortmund, Germany.


DEAL STATS #
Overall 3 of 3
Sector: Medical Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: United Kingdom M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-09 Meine Radiologie Holding

Frankfurt am Main, Germany

Meine Radiologie Holding specializing mainly in the fields of radiology and radiation therapy. Meine Radiologie focuses on optimal and individually tailored care for all patients whether statutory or private insurance. Meine Radiologie Holding was founded in 2017 and headquartered in Frankfurt am Main, Germany.

Buy -

Seller(S) 1

SELLER

ECI Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 2.0B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

ECI Partners is a private equity firm focused on the smaller middle-market company that invests in growing businesses valued up to £300m. ECI looks for UK businesses or businesses with a substantial presence in the UK. Funds are generally used to support expansion, acquisitions, management buyouts, buy-ins, turnarounds, and refinancing. Target sectors include IT services, support services, Insurance, and SME services. ECI will not invest in early-stage companies. ECI Partners was formed in 1976 and has offices in London, Manchester, and New York.


DEAL STATS #
Overall 76 of 76
Sector: Medical Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 39 of 39
Country: United Kingdom M&A 70 of 70
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-22 Tusker

Hertfordshire, United Kingdom

Tusker is a car benefit scheme provider. As a digital B2B2C business, it supports employers in retaining staff and enhancing employee engagement by providing employees with a salary-saving scheme to access a new, fully insured, and maintained car. Tusker’s cars are also a great way to go green, with 80% of new orders for electric cars. Tusker was founded in 2000 and is based in Hertfordshire, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-05 Commify

Nottingham, United Kingdom

Commify is a provider of reliable software solutions for the sending and receipt of SMS messaging services and emailing to support new marketing and advertising opportunities. Commify was founded in 2001 and is based in Nottingham, United Kingdom.

Buy €300M