Investment Summary

GIMV and Gilde Healthcare Invest In FIRE1

On January 30, 2018, private equity firms GIMV and Gilde Healthcare invested in life science company FIRE1

Investment Highlights
  • This is GIMV’s 17th and Gilde Healthcare’s 21st transaction in the Life Science sector.
  • This is GIMV’s 2nd and Gilde Healthcare’s 1st transaction in Ireland.

Investment Summary

Date 2018-01-30
Target FIRE1
Sector Life Science
Investor(s) GIMV
Gilde Healthcare
Deal Type Venture

Target

FIRE1

Dublin, Ireland
FIRE1 focuses on developing a novel remote monitoring device to improve outcomes for patients suffering from an increased risk of heart failure. Early detection enables a timely intervention and adjustment of pharmacotherapy, thus avoiding hospitalisation, improving quality of life and lowering health care costs. FIRE1 was founded in 2013 and is based in Dublin, Ireland.

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Investor(S) 2

Investor

GIMV

Antwerp, Belgium

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1980
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

GIMV is a Belgium based public investment company focused on private equity and venture capital investments in tech-based businesses. GIMV's private equity practice operates through its Corporate Investment unit and targets management buyouts, buy-ins, and growth capital financings of companies with annual sales between EUR15 and EUR150 million. For buyout opportunities GIMV generally takes a majority stake in businesses and for growth capital needs, GIMV takes a minority position. GIMV does not invest in publicly held companies or turnaround situations. GIMV's geographic focus is within Belgium, Netherlands, Germany, and France. GIMV also invests in Russia through Eagle Capital Partners, a partnership with KBC Private Equity. GIMV was formed in 1980 and is headquartered in Antwerp with additional offices in The Hague, Frankfurt, Munich, and Paris.


DEAL STATS #
Overall 119 of 170
Sector: Life Science M&A 17 of 24
Type: Venture M&A Deals 33 of 39
Country: Ireland M&A 2 of 3
Year: 2018 M&A 3 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-18 SGH Medical Pharma

Saint-Marcellin, France

SGH Medical Pharma is a specialist manufacturer of injection-molded plastic dosing, packaging solutions, and medical devices for the pharmaceutical industry including pillboxes, medication blister packs, and “tamper proof” systems. SGH Medical Pharma was founded in 1985 and is based in Saint-Marcellin, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-01 France Thermes

Paris, France

France Thermes owns and operates thermal resorts in Bagnoles de l’Orne (Normandy) and Châtel-Guyon (Auvergne). The company focuses on high-quality facilities, medical and recreational care, and strong collaboration with healthcare professionals and local authorities. France Thermes was founded in 2015 and is based in Paris, France.

Buy -
Investor

Gilde Healthcare

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 2.6B EUR
Size Large
Type Sector Focused
DESCRIPTION

Gilde Healthcare is a specialist private equity and venture investor focused on the healthcare sector. The Firm's buyout group targets majority investments throughout Europe (preference for Germany, the Netherlands, Belgium, Austria or Switzerland) and has a focus on healthcare providers, suppliers and service providers active in the healthcare market. The Firm's venture group looks to invest in early stage medtech, diagnostics, digital health and therapeutics companies throughout North America and Europe. Gilde Healthcare was established in 1982 and is headquartered in Utrecht, Netherlands.


DEAL STATS #
Overall 40 of 56
Sector: Life Science M&A 21 of 26
Type: Venture M&A Deals 29 of 31
Country: Ireland M&A 1 of 1
Year: 2018 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-01 Ace Pharmaceuticals

Zeewolde, Netherlands

Ace Pharmaceuticals is a specialized pharmaceutical company in medical needs medicines, focusing on the development, production, and distribution of licensed and unlicensed niche medicines. Ace Pharmaceuticals was founded in 1990 and is based in Zeewolde, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-02 Performation

Zeist, Netherlands

Performation is a provider of healthcare-specific business intelligence solutions. Its software products enable clients to monitor costs, processes and quality; optimize capacity and shift planning, and support patients throughout their treatment journey. Performation was founded in 1998 and is based in Zeist, Netherlands. .

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