M&A Deal Summary

Novo Holdings A/S Acquires Ellab

On June 21, 2023, corporate investor Novo Holdings A/S acquired medical products company Ellab from EQT

Acquisition Highlights
  • This is Novo Holdings A/S’s 2nd transaction in the Medical Products sector.
  • This is Novo Holdings A/S’s 3rd transaction in Denmark.

M&A Deal Summary

Date 2023-06-21
Target Ellab
Sector Medical Products
Buyer(s) Novo Holdings A/S
Sellers(s) EQT
Deal Type Secondary Buyout

Target

Ellab

Hilleroed, Denmark
Ellab is a manufacturer of solutions for measuring, recording, monitoring, and validating critical parameters of thermal processing. Ellab offers a product range of high-precision systems for temperature, pressure, and humidity monitoring and validation based on either data loggers or thermocouple-based wired instruments. Ellab was founded in 1949 and is based in Hilleroed, Denmark.

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Buyer(S) 1

DESCRIPTION

Novo Holdings A/S is a Danish holding company and the investment arm of the Novo Nordisk Foundation. Novo Holdings' objective is to grow the assets of the Foundation and improve the lives of people around the world. In addition to investing in equity and fixed income securities, Novo Holdings pursues direct investments in life science companies. Novo Holdings A/S was established in 1999 and is headquartered in Hellerup, Denmark.


DEAL STATS #
Overall 11 of 16
Sector (Medical Products) 2 of 2
Type (Secondary Buyout) 8 of 8
Country (Denmark) 3 of 3
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-06 Paratek Pharmaceuticals

King of Prussia, Pennsylvania, United States

Paratek Pharmaceuticals is a bio-pharmaceutical company focused on the development and commercialization of innovative therapies based upon its expertise in novel tetracycline chemistry. Paratek Pharmaceuticals was founded in 1996 and is based in King of Prussia, Pennsylvania.

Buy $462M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-10 All West Communications

Kamas, Utah, United States

All West Communications is a provider of telecommunication services. All West Communications operate a broadband-powered network to deliver services that connect people and businesses to what matters most across town and around the world. All West Communications was founded in 1912 and is based in Kamas, Utah.

Buy -

Seller(S) 1

SELLER

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 174 of 187
Sector (Medical Products) 10 of 12
Type (Secondary Buyout) 52 of 57
Country (Denmark) 22 of 22
Year (2023) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-20 HDFC Credila

Mumbai, India

HDFC Credila is an education loan company, supporting tens of thousands of Indian students every year with tailored financing solutions for undergraduate and postgraduate studies. HDFC Credila was founded in 2006 and is based in Mumbai, India.

Buy Rs10.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-28 Kodiak Gas

The Woodlands, Texas, United States

Kodiak is the largest privately-owned contract compression company in the US. The company currently operates in the Permian, Eagle Ford, and Scoop/Stack basins with over 2.8 million in revenue-generating horsepower. Kodiak’s business model is built on compression and service contracts with fixed monthly fees and no volume-dependent components, bringing predictable and recurring revenues. Kodiak Gas was founded in 2011 and is based in The Woodlands, Texas.

Sell -