M&A Deal Summary

Vitrolife Acquires Igenomix

On July 8, 2021, Vitrolife acquired life science company Igenomix from EQT for 1.3B EUR

Acquisition Highlights
  • This is Vitrolife’s 1st transaction in the Life Science sector.
  • This is Vitrolife’s largest (disclosed) transaction.
  • This is Vitrolife’s 1st transaction in Spain.

M&A Deal Summary

Date 2021-07-08
Target Igenomix
Sector Life Science
Buyer(s) Vitrolife
Sellers(s) EQT
Deal Type Add-on Acquisition
Deal Value 1.3B EUR
Advisor(s) Morgan Stanley
J.P. Morgan Securities (Financial)
Allen & Overy (Legal)

Target

Igenomix

Valencia, Spain
Igenomix engages in women’s health and reproductive genetic testing services for IVF clinics. The Company support c. 90,000 couples per year with a global footprint of 19 laboratories covering +80 countries. Igenomix was founded in 2011 and headquartered in Valencia, Spain.

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Buyer(S) 1

Buyer

Vitrolife

Goteborg, Sweden

Category Company
Founded 1994
Sector Life Science
Employees1,115
Revenue 3.5B SEK (2023)
DESCRIPTION

Vitrolife is a producer and developer of products and systems for assisted reproduction worldwide. It offers fertility products, including follicle aspiration needles, paraffin oil under the OVOIL brand, additional media for in vitro fertilization (IVF) procedures, labware products, vitrification products, and Primo Vision time-lapse embryo monitoring systems. Vitrolife was founded in 1994 and is based in Gothenburg, Sweden.


DEAL STATS #
Overall 6 of 7
Sector (Life Science) 1 of 1
Type (Add-on Acquisition) 6 of 7
Country (Spain) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-01 MTG Medical Technology Vertriebs-

Bruckberg, Germany

MTG Medical Technology Vertriebs-GmbH is a developer and marketer of their own IVF products globally, primarily within the cryo-preservation, QC and andrology areas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-02 Efertility

IJsselstein, Netherlands

Efertility is an innovative system and software company transforming IVF clinic management with its cutting-edge solutions. Efertility is based in IJsselstein, Netherlands.

Buy -

Seller(S) 1

SELLER

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 148 of 187
Sector (Life Science) 5 of 7
Type (Add-on Acquisition) 59 of 73
Country (Spain) 2 of 4
Year (2021) 11 of 22
Size (of disclosed) 14 of 42
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-03 Cypress Creek Renewables

Santa Monica, California, United States

Cypress Creek Renewables is a developer and long-term owner of solar energy projects with development assets in markets across the United States. Their business model is focused on utility-scale ground mount projects from 2-20MW AC in capacity. Cypress Creek Renewables was founded in 2014 and is based in Santa Monica, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-09 Evidia

Dortmund, Germany

Evidia is a radiology and radiotherapy services provider across Germany, Sweden, and Norway. The group was formed through the combination of Meine Radiologie Holdings, blikk Holding, and Aleris Imaging Group, and performs over 3 million scans per year. Evidia is based in Dortmund, Germany.

Buy -