M&A Deal Summary

Riverside Acquires BioDue

On November 16, 2022, private equity firm Riverside acquired life science company BioDue from Armonia SGR

Acquisition Highlights
  • This is Riverside’s 9th transaction in the Life Science sector.
  • This is Riverside’s 4th transaction in Italy.

M&A Deal Summary

Date 2022-11-16
Target BioDue
Sector Life Science
Buyer(s) Riverside
Sellers(s) Armonia SGR
Deal Type Secondary Buyout
Advisor(s) Ethica Corporate Finance (Financial)
Gatti Pavesi Bianchi Ludovici (Legal)

Target

BioDue

Sambuca, Italy
BioDue is a dietary supplement and medical device company that provides customers with a full-service offering, ranging from raw material sourcing development and formulation, production, packaging, and regulatory affairs, to commercialization. It boasts a high-quality customer base including some of the largest pharma and nutraceutical companies in Europe and five well-invested production sites. BioDue was founded in 1986 and is based in Sambuca, Italy.

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Buyer(S) 1

Buyer

Riverside

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 280 of 295
Sector: Life Science M&A 9 of 9
Type: Secondary Buyout M&A Deals 45 of 49
Country: Italy M&A 4 of 4
Year: 2022 M&A 10 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 HydroCorp

Troy, Michigan, United States

HydroCorp provides outsourced management of water system safety programs to prevent contamination in the drinking water supply, including cross-connection control, backflow prevention, legionella prevention, as well as water meter replacements. The company primarily serves municipalities that manage their own public water infrastructure, but also provides services to the healthcare and industrial sectors, where there are regulatory requirements. HydroCorp was founded in 1983 and is based in Troy, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-01 Relay Fire and Safety

Quincy, Massachusetts, United States

Relay Fire and Safety is a commercial fire protection and life safety company. Relay Fire and Safety was founded in 2023 and is based in Quincy, Massachusetts.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

Armonia is a private equity investor focused on investing in small to mid-sized Italian companies operating in the machinery, food, luxury/lifestyle, and pharmaceutical industries. Armonia was established in 2016 and is headquartered in Rome, Italy.


DEAL STATS #
Overall 2 of 2
Sector: Life Science M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: Italy M&A 2 of 2
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-01 Quick

Piangipane, Italy

Quick engages in production and marketing of recreational boating equipment. Quick was founded in 1982 and is based in Piangipane, Italy.

Buy -