Add-on Acquisition • Healthcare Services

SYNLAB Acquires Cityterveys Oy

On July 10, 2017, SYNLAB acquired healthcare services company Cityterveys Oy from MB Funds

Acquisition Context
  • This is SYNLAB’s 5th transaction in the Healthcare Services sector.
  • This is SYNLAB’s 1st transaction in Finland.

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M&A Deal Summary

Date July 10, 2017
Target Cityterveys Oy
Sector Healthcare Services
Buyer(s) SYNLAB
Sellers(s) MB Funds
Deal Type Add-on Acquisition

Target Company

Cityterveys Oy

Helsinki, Finland
Cityterveys Oy is a provider of healthcare diagnostic services and magnetic resonance imaging and laboratory tests. Cityterveys is based in Helsinki, Finland.
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Buyer Overview 1

Buyer

SYNLAB

Munich, Germany

Category Company
Founded 1998
Sector Healthcare Services
Employees23,538
Revenue 2.6B EUR (2023)
DESCRIPTION

SYNLAB provides human and veterinary laboratory services. SYNLAB was founded in 1998 and is based in Munich, Germany.


Deal Context for Buyer #
Overall 7 of 7
Sector: Healthcare Services 5 of 5
Type: Add-on Acquisition 6 of 6
Country: Finland 1 of 1
Year: 2017 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-19 ALcontrol UK

Deeside, United Kingdom

ALcontrol UK Ltd. is a network of testing laboratories with a low-cost, high-margin approach. ALcontrol was founded in 1989 and is based in Deeside, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-10 Synlab Group - Analytics & Services business

Augsburg, Germany

Synlab Group's Analytics & Services business is a provider for the environment, food, hygiene, pharma, and product analysis and testing. Synlab Group's Analytics & Services business is based in Augsburg, Germany.

Sell -

Seller Profile 1

SELLER

MB Funds

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

MB Funds is a Finnish private equity firm focused on buy-outs, privatizations, buy and builds, and expansion capital transactions. The Firm targets mid-market companies throughout Scandinavia with €20 to €200 million in revenue. MB Funds was established in 1988 and is headquartered in Helsinki.


Deal Context for Seller #
Overall 11 of 21
Sector: Healthcare Services 3 of 3
Type: Add-on Acquisition 7 of 14
Country: Finland 9 of 19
Year: 2017 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-28 Debora

Helsinki, Finland

Debora is a home care services provider for elderly, disabled and families with children (child welfare). Debora was founded in 1999 and is based in Helsinki, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Freebo

Orebro, Sweden

Freebo is a provider of solar power electrification for domestic houses. Freebo is based in Orebro, Sweden.

Buy -