M&A Deal Summary

Silverfleet Capital and Triton Partners Acquire Phadia AB

On January 1, 2004, private equity firms Silverfleet Capital and Triton Partners acquired healthcare services company Phadia AB for 505M EUR

Acquisition Highlights
  • This is Silverfleet Capital’s 2nd and Triton Partners’ 1st transaction in the Healthcare Services sector.
  • This is Silverfleet Capital’s 0th and Triton Partners’ 5th largest (disclosed) transaction.
  • This is Silverfleet Capital’s 1st and Triton Partners’ 4th transaction in Sweden.
Investment Fate
  • Phadia AB was sold to a consortium of financial buyers in 2006 for 1.3B EUR.
  • Phadia AB was sold to a publicly-traded strategic buyer in 2011 for 2.4B USD.

M&A Deal Summary
Date 2004-01-01
Target Phadia AB
Sector Healthcare Services
Buyer(s) Silverfleet Capital
Triton Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 505M EUR

Target

Phadia AB

Uppsala, Sweden
Phadia AB,a provider in in-vitro allergy diagnostics and the European leader in autoimmunity diagnostics. It has a global footprint, distributing directly in 21 territories and enjoying further reach through a broad international network of distributors. The company is headquartered in Uppsala, Sweden, and employs over 1,100 people worldwide.

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Buyer(S) 2

Buyer

Silverfleet Capital

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1985
PE ASSETS 2.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Silverfleet Capital is an independent private equity firm that invests in market leading businesses in growing sectors. Silverfleet looks to acquire companies headquartered in Western Europe or US-based businesses with a substantial European presence. Target companies are typically valued between €75 and €500 million and operate in sectors spanning business and financial services, healthcare, leisure, and retail/consumer. Silverfleet Capital was formerly known as PPM Capital, operating under Prudential plc. Silverfleet has offices in London, Paris, Munich, and Chicago.

DEAL STATS #
Overall 18 of 50
Sector (Healthcare Services) 2 of 5
Type (Buyout (LBO, MBO, MBI)) 16 of 24
Country (Sweden) 1 of 1
Year (2004) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 Muller & Weygandt

Budingen, Germany

Muller & Weygandt is the market leader in dental mail order distribution in Germany and specialises in the distribution of dental consumables and small appliances.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-12 Oxoid Holdings

Basingstoke, United Kingdom

Oxoid Holdings Limited was a leading, vertically integrated European microbiology business. The company developed, manufactured and distributed a range of high quality media cultures and related products required for microbiological diagnosis in the clinical, food and beverage industries worldwide. Oxoid was headquartered in Basingstoke, England where the majority of products were manufactured. There were also plants in Germany, Canada and Scotland.

Sell £177M
Buyer

Triton Partners

Frankfurt, Germany

Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 15.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Triton Partners is an investment firm focused on investing in medium-size companies headquartered in Western and Northern Europe. This includes businesses in Germany, Switzerland, Austria, Denmark, Finland, Norway, and Sweden. Triton generally pursues market leading companies with the potential for change, as well as growth opportunities through operational improvements. Sectors of interest include business services, consumer products, consumer services, healthcare, and industrials. Triton Partners was formed in 1997 and is based in Frankfurt, Germany.

DEAL STATS #
Overall 6 of 94
Sector (Healthcare Services) 1 of 5
Type (Buyout (LBO, MBO, MBI)) 3 of 27
Country (Sweden) 4 of 20
Year (2004) 1 of 3
Size (of disclosed) 5 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-06-20 Semper AB

Sundbyberg, Sweden

Producer of baby food / health food.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-31 Lehnkering

Duisburg, Germany

Lehnkering is a German supplier of logistical and industrial services to customers in the chemical and steel industries. Lehnkering is based in Duisburg, Germany.

Buy -
Mergr

Product

Company

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