M&A Deal Summary

Permira and Ampersand Capital Partners Acquire Kedrion

On January 20, 2022, private equity firm Permira and growth capital firm Ampersand Capital Partners acquired medical products company Kedrion from FSI

Acquisition Highlights
  • This is Permira’s 5th and Ampersand Capital Partners’ 16th transaction in the Medical Products sector.
  • This is Permira’s 13th and Ampersand Capital Partners’ 1st transaction in Italy.

M&A Deal Summary

Date 2022-01-20
Target Kedrion
Sector Medical Products
Buyer(s) Permira
Ampersand Capital Partners
Sellers(s) FSI
Deal Type Secondary Buyout

Target

Kedrion

Lucca, Italy
Kedrion is engaged in development, manufacture, and distribution of a broad range of protein products derived from human plasma. Kedrion was founded in 2001 and is based in Lucca, Italy.

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Buyer(S) 2

Buyer

Permira

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 75.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Permira is a mega-sized private equity firm that targets large company investments around the world. Permira invests to support acquisitions, leveraged buyouts, take-privates, turnarounds, and growth buyouts. Areas of interest include healthcare, financial services, chemicals, consumer products and services, industrial products and services, technology, media, and telecom. Permira will consider opportunities in Europe, Asia, and North America. Permira was formed in 1985 and has offices in Menlo Park, Frankfurt, Luxembourg, London, Hong Kong, Madrid, Milan, Paris, Stockholm, Tokyo, Guernsey and New York City.


DEAL STATS #
Overall 149 of 161
Sector (Medical Products) 5 of 5
Type (Secondary Buyout) 39 of 43
Country (Italy) 13 of 14
Year (2022) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-15 Sysdig

San Francisco, California, United States

Sysdig is an operator of the SaaS platform, built on an open-source stack that includes Falco and system OSS, the open standards for runtime threat detection and response. Hundreds of companies rely on Sysdig for container and cloud security and visibility. Sysdig is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 GWI

London, United Kingdom

GWI delivers global insights at scale, representing the views of 2.7 billion, digitally-connected consumers. GWI provides data about consumers’ demographics, preferences, and behavioral attitudes across 48 countries to help the world’s top brands, agencies, and media organizations gain a deep understanding of their audiences. GWI was founded in 2009 and is based in London, United Kingdom.

Buy -
Buyer

Ampersand Capital Partners

Wellesley, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1988
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Ampersand Capital Partners is a middle-market private equity group that concentrates on growth equity investment opportunities in the healthcare sector. The Firm looks to invest $10 to $100 million in businesses with $10 to $100 million of revenue. Specific areas of interests within healthcare include lab products, specialty diagnostic equipment, pharmaceutical outsourcing, and specialty pharma. Ampersand generally prefers to be the first and sole institutional investor. Ampersand was formed in 1988 and is based in Wellesley, Massachusetts.


DEAL STATS #
Overall 67 of 84
Sector (Medical Products) 16 of 17
Type (Secondary Buyout) 5 of 7
Country (Italy) 1 of 1
Year (2022) 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-10 Nexelis

Laval, Quebec, Canada

Nexelis is an immunology-centric CRO specialized in preclinical models and clinical assay development in single and multiplex formats and sample analysis for low-, mid- and large-scale clinical testing. the company's team of scientists and technology platforms have been instrumental in the development, qualification, and validation of assays supporting FDA filings of over 100 new molecular entities, including blockbuster biologics such as vaccines and complex large molecules.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-18 Vibalogics

Boxborough, Massachusetts, United States

Vibalogics has operated as a specialized global Contract Development and Manufacturing Organization (CDMO) offering process and analytical development, manufacturing, testing, and fill-finish services to innovators developing transformational virotherapy products. Vibalogics GmbH was founded in 2002 and is based in Boxborough, Massachusetts.

Sell -

Seller(S) 1

SELLER
DESCRIPTION

FSI is a private equity firm focused on Italian middle-market companies with strong growth potential and possessing defensible market positions. The Firm seeks to partner with businesses through minority or majority investments over a medium to long-term horizon. FSI invests in a variety of industries and situations, including successions, consolidations, and buyouts. FSI was established in 2017 and is based in Milan, Italy.


DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (Italy) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-18 Lynx

Padova, Italy

Lynx is a provider of IT and digital services for utilities, specializing in the design and implementation of solutions to support large companies operating in the Utilities, Banking, Insurance, and public administration sectors. Operating in Italy, Spain and LatAm with about 600 resources, lynx is in continuous evolution and growth through external acquisitions is fundamental to achieving the group’s objectives. Lynx was founded in 1998 and is based in Padova, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-31 BCC Pay

Rome, Italy

BCC Pay is an innovation and the digitalisation of payments its core business, offering banks high-potential e-money products and services. BCC Pay is based in Rome, Italy.

Buy -