M&A Deal Summary

Patricia Industries Acquires Molnlycke Health Care

On January 26, 2007, private equity firm Patricia Industries acquired medical products company Molnlycke Health Care from Apax and Intermediate Capital Group for 2.9B EUR

Acquisition Highlights
  • This is Patricia Industries’ 1st transaction in the Medical Products sector.
  • This is Patricia Industries’ largest (disclosed) transaction.
  • This is Patricia Industries’ 1st transaction in Sweden.

M&A Deal Summary
Date 2007-01-26
Target Molnlycke Health Care
Sector Medical Products
Buyer(s) Patricia Industries
Sellers(s) Apax
Intermediate Capital Group
Deal Type Secondary Buyout
Deal Value 2.9B EUR

Target

Molnlycke Health Care

Gothenburg, Sweden
Mölnlycke Health Care Group ("MHCG") is a medical products company which manufactures and markets single-use wound care and surgical products for the professional health care sector. Molnlycke Health Care was founded in 1849 and is based in Gothenburg, Sweden.

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Buyer(S) 1

Buyer

Patricia Industries

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Patricia Industries is a diversified investor in mid-sized companies throughout Scandinavia and North America. The Firm is a part of publicly traded investor group Investor AB and looks to make long-term commitments in partnership with growth companies. Patricia Industries was formed in 1995 and is headquartered in Stockholm, Sweden.

DEAL STATS #
Overall 1 of 10
Sector (Medical Products) 1 of 3
Type (Secondary Buyout) 1 of 7
Country (Sweden) 1 of 6
Year (2007) 1 of 1
Size (of disclosed) 1 of 6
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-02 Aleris Healthcare

Stockholm, Sweden

Aleris Healthcare is a provider of specialty care, healthcare and radiology with a strong footprint across Scandinavia. The company’s specialist care operations cover hospitals, outpatient clinics, radiology and labs through more than 100 units with approximately one million radiological examinations annually. Aleris Healthcare was founded in 1996 and is based in Stockholm, Sweden.

Buy kr4.4B

Seller(S) 2

SELLER

Apax

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 77.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from $1 to $5 billion. Apax Partners was formed in 1981 and is based in London.

DEAL STATS #
Overall 18 of 171
Sector (Medical Products) 1 of 8
Type (Secondary Buyout) 6 of 61
Country (Sweden) 1 of 2
Year (2007) 2 of 17
Size (of disclosed) 9 of 50
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-08 NEP Group

Pittsburgh, Pennsylvania, United States

NEP Group, Inc. is a provider of outsourced broadcasting services vital to the delivery of live sports and entertainment events. NEP serves premiere broadcast networks and production companies with state-of-the-art facilities, engineering expertise and technical management to support telecasts of major events and programs.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-07 Tim Hellas Telecommunications S.A

Maroussi, Greece

Tim Hellas Telecommunications S.A provides mobile telecommunications services in Greece.

Sell €3.4B
SELLER

Intermediate Capital Group

London, United Kingdom

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 74.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.

DEAL STATS #
Overall 75 of 217
Sector (Medical Products) 1 of 6
Type (Secondary Buyout) 25 of 83
Country (Sweden) 5 of 9
Year (2007) 1 of 16
Size (of disclosed) 4 of 73
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Interbest

Breda, Netherlands

Interbest is a provider of outdoor advertising services on advertising masts. Interbest is based in Breda, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-30 Portman Travel

Chertsey, United Kingdom

Portman Travel Ltd. is an independent travel management companies operating from 17 locations. Portman provides a range of specialist travel management solutions to SMEs, multinationals and public sector organisations the world over.

Sell -
Mergr

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