Pro Tip: Learn how to use HBI Alerts to follow your favorite topics

Europa Stream

 

British nutraceutical company Vitabiotics attracts interest from both PE and strategic buyers

Vitabiotics, the UK’s largest nutraceutical company specialising in vitamin and mineral-based supplements, is up for sale and has attracted interest from several potential buyers, including Swedish investment firm EQT, American private equity firm TPG, and Indian pharmaceutical company Lupin. The deal could value Vitabiotics at around £1 billion ($1.32 billion), a 14x multiple of the company’s 2024 EBITDA. 

Growth equity investors are driving recovery in European healthcare M&A 

The private equity sector has faced a difficult environment for dealmaking over the past two and a half years, due to higher interest rates, regulatory uncertainty and global political pressures. This has led to a slowdown in M&A deal activity in healthcare, as well as other sectors. There are now signs of recovery. Europe is attracting more interest from global investors, especially those seeking high-quality assets with strong growth potential.

Creditors take Colisée off of EQT

Pan-European French nursing home group Colisée has become so overburdened by its debt that its creditors have insisted on taking control from private equity firm EQT, who has owned it since 2020. 

CapVest keeps hold of $7bn nuclear medicine company Curium via continuation fund

Private equity firm CapVest will continue to be the majority shareholder of Curium Pharma, the world’s largest pure play nuclear medicine producer, for another three-to-five-year investment round. The company is being moved to a continuation vehicle in a recapitalisation deal that values it at around $7 billion. 

KKR leads bid for Star Hospitals, consolidating India’s private hospital sector

Indian multi-speciality hospital group Baby Memorial Hospital (BMH), backed by US private equity firm KKR, is reportedly the leading bidder to acquire Hyderabad-based cardiovascular chain Star Hospitals. The offer is said to value the group at ~₹2,700 crore (~ $302 million). Fortis Hospitals, a for-profit private network with around 6,000 beds, has also been reported as a potential contender, but reports in the Indian media indicate that KKR is the front-runner.

UK’s Hg sells Intelerad to GE HealthCare in $2.3bn deal

London-based private equity firm Hg Capital has sold Intelerad, a Montreal-headquartered medical imaging software company, to US healthtech firm GE HealthCare in a deal valued at ~$2.3 billion. Hg is fully exiting its majority stake, while US investors TA Associates and Ardan Equity are selling their minority holdings.

Find Us