Add-on Acquisition • Healthcare Services

Veonet Acquires SpaMedica

On March 17, 2020, Veonet acquired healthcare services company SpaMedica from CBPE Capital

Acquisition Context
  • This is Veonet’s 1st transaction in the Healthcare Services sector.
  • This is Veonet’s 1st transaction in the United Kingdom.

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M&A Deal Summary

Date March 17, 2020
Target SpaMedica
Sector Healthcare Services
Buyer(s) Veonet
Sellers(s) CBPE Capital
Deal Type Add-on Acquisition

Target Company

SpaMedica

Bolton, United Kingdom
SpaMedica is a provider of ophthalmic services, including cataract surgery and macular degeneration treatment, to both NHS and private patients. SpaMedica was founded in 2008 and is based in Bolton, United Kingdom.
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Buyer Overview 1

Buyer

Veonet

Munich, Germany

Category Company
Sector Healthcare Services
DESCRIPTION

Veonet is a provider of ophthalmological care and outpatient treatment for major causes of blindness and visual impairment, offering diagnosis as well as surgical and non-invasive treatment of eye disorders. Veonet is based in Munich, Germany.


Deal Context for Buyer #
Overall 1 of 2
Sector: Healthcare Services 1 of 2
Type: Add-on Acquisition 1 of 2
Country: United Kingdom 1 of 1
Year: 2020 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-12 Miranza

Madrid, Spain

Miranza operates a network of ophthalmology centers in Iberia to provide best-in-class eye care solutions to a broad range of eye conditions. The company started with the combination of five ophthalmology centers in Spain with quality standards and reputation. Miranza is based in Madrid, Spain.

Buy €250M

Seller Profile 1

SELLER

CBPE Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 1.3B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

CBPE Capital is a private equity firm that seeks investments in mid-sized UK-based businesses. CBPE focuses on transactions valued at between £25 million and £150 million and will consider opportunities in a variety of industries. Sectors of interest include support services (inspection testing, training/education, oil/gas services, business process outsourcing, IT, environmental services, utility services); transportation/distribution (transport infrastructure, transport services, wholesale and distribution); consumer (food/beverage, household products, media, retail); industrial (chemicals, building products, electronics/engineering, paper, packaging, aerospace/defense, automotive, capital goods); healthcare (pharmaceuticals, medical products, diagnostics); and leisure (restaurants, gaming, holiday parks, cinemas, hotels). CBPE Capital was formed in 1984 and is based in London, United Kingdom.


Deal Context for Seller #
Overall 34 of 41
Sector: Healthcare Services 2 of 4
Type: Add-on Acquisition 8 of 10
Country: United Kingdom 34 of 38
Year: 2020 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-05 ABI Holiday Homes

Beverley, United Kingdom

ABI Holiday Homes is a manufacturer of caravan holiday homes and one of the most highly regarded and established brands in the caravan holiday home industry. ABI Holiday Homes is based in Beverley, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-30 Compre

Hamilton, Bermuda

Compre is a global consolidator of closed books of non-life insurance policies. Compre is focused on the acquisition and management of discontinued (also known as ‘run-off’) non-life insurance portfolios and has operations in the UK, Bermuda, Finland, Germany, Malta, and Switzerland. Compre was founded in 1991 and is based in Hamilton, Bermuda.

Sell -