M&A Deal Summary

Partners Group AG Acquires Cerba European Lab

On January 22, 2017, asset manager Partners Group AG acquired healthcare services company Cerba European Lab from PAI Partners and Idinvest Partners

Acquisition Highlights
  • This is Partners Group AG’s 3rd transaction in the Healthcare Services sector.
  • This is Partners Group AG’s 3rd transaction in France.

M&A Deal Summary

Date 2017-01-22
Target Cerba European Lab
Sector Healthcare Services
Buyer(s) Partners Group AG
Sellers(s) PAI Partners
Idinvest Partners
Deal Type Secondary Buyout

Target

Cerba European Lab

Saint-Ouen-l'Aumône, France
Laboratoire CERBA SA is active in all three segments of the clinical pathology business, namely esoteric, routine and central lab. CEL operates in 34 locations across Europe, the United States, South Africa, Australia and China. It has a staff of over 1,300 employees, including 85 clinical pathologists and performs 85,000 tests daily.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

DESCRIPTION

Partners Group is a global investment management firm with a variety of funds and institutional clients. The Firm's direct investment group looks to invest in or acquire market leading companies with growth opportunities linked to technology. Partners is a hands-on investor and looks to actively support its portfolio companies with expansion, operational, and governance structure support. Partners Group was established in 1996 and is headquartered in Zug, Switzerland.


DEAL STATS #
Overall 43 of 88
Sector (Healthcare Services) 3 of 8
Type (Secondary Buyout) 21 of 52
Country (France) 3 of 3
Year (2017) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-22 Cerba HealthCare

Issy-les-Moulineaux, France

Cerba HealthCare is an operator of clinical pathology laboratories, with a number one position in France and strong market positions in Belgium and Luxembourg. The majority of Cerba's revenues are generated via routine lab tests. Cerba HealthCare was founded in 1967 and is based in Issy-les-Moulineaux, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-18 Key Retirement Solutions

Lancashire, United Kingdom

Key Retirement Solutions Ltd. is a provider of advice and financial products for people near or in retirement. The Company specializes in the origination and distribution of lifetime mortgages (LTMs), on behalf of third-party funders, which enable customers to release equity from their homes to fund their retirement.

Buy £208M

Seller(S) 2

SELLER

PAI Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 16.2B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

PAI Partners is a European private equity firm that makes controlling equity investments in buyout transactions valued in excess of €300 million. PAI is particularly interested in 'investing in consolidating sectors and in markets where growth can be sustained through economic and financial market cycles.' Sectors of interest include consumer retail, professional distribution, building materials, infrastructure and utilities, media, IT, communications, food, consumer goods, healthcare, chemicals, automotive, aeronautics, paper & packaging, electrical appliances, and household equipment (heating, air-conditioning, security). The firms invest in the range of €100 - €300 million transaction. PAI was formed in 1998 and is based in Paris with additional offices in Madrid, Milan, Munich, Luxembourg, Copenhagen, and London.


DEAL STATS #
Overall 33 of 50
Sector (Healthcare Services) 2 of 2
Type (Secondary Buyout) 15 of 25
Country (France) 18 of 24
Year (2017) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-22 Cerba HealthCare

Issy-les-Moulineaux, France

Cerba HealthCare is an operator of clinical pathology laboratories, with a number one position in France and strong market positions in Belgium and Luxembourg. The majority of Cerba's revenues are generated via routine lab tests. Cerba HealthCare was founded in 1967 and is based in Issy-les-Moulineaux, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-01 Kaufman & Broad

Neuilly sur Seine, France

Kaufman & Broad is a developer and builder of homes and apartments, focused on middle-end to high-end construction. Kaufman & Broad was founded in 1968 and is based in Neuilly sur Seine, France.

Sell -
SELLER

Idinvest Partners

Paris, France

Category Private Equity Firm
Founded 1997
PE ASSETS 7.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Idinvest Partners is a European investment firm focused on investing in small to mid-sized companies at various stages of development. Idinvest segments its investment activity into three groups. These include venture and growth capital, private debt, and dedicated portfolios/funds. Idinvest's venture and growth capital group looks to invest directly in early stage companies with high growth potential. Idinvest's private debt group seeks to provide senior or subordinated debt to small and mid-sized companies pursuing growth objectives. Idinvest's dedicated portfolio/funds group looks to invest in private equity funds, acquire secondary fund positions, and directly co-invest alongside other private equity firms in established companies. Idinvest Partners was formed in 1997 and is based in Paris.


DEAL STATS #
Overall 29 of 38
Sector (Healthcare Services) 4 of 4
Type (Secondary Buyout) 6 of 8
Country (France) 19 of 24
Year (2017) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-28 Talend

Suresnes, France

Talend is a provider of open-source software with a range of products including data integration, data quality, master data management and application integration tools. Talend was formed in 2005 and is based in Suresnes, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-20 Famoco

Paris, France

Famoco is a developer of and android transactional solution. Famoco help companies meet digital transformation goals by providing a fully integrated, mobile, business-centric and secure end-to-end solution. Famoco range of devices, the FX Series, are the only remotely managed devices available on the market that integrate smart card security coupled with a secure version of Android. Famoco was founded in 2010 and is based in Paris, France.

Buy -