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M&A/IPOs

 

Affidea buys Romanian imaging clinics

Swiss-controlled private healthcare operator Affidea, which specialises in high-performance medical imaging and cancer treatment in 14 countries at its 179 centres across Europe, has bought 100% of the shares in Romanian imaging specialists Hiperdia.

Alliar breaks Brazil’s IPO drought

Brazil's third largest lab group Alliar floated on Friday 28 October at R$20 per share. This raises roughly US$88m in cash for its buy-and-build in southern Brazil. Investors celebrate the accomplishment as it puts an end to a yearlong IPO drought in Sao Paulo amidst recession.

Eurofins fails to raise debt

Pan-European testing network Eurofins has failed to raise debt according to several sources. It is widely understood that the group wants to conduct a large acquisition soon.

Cambian surrenders its adult care segment

UK care provider Cambian has hired banker Rothschild to sell off its adult care division – the most profitable and the one with the highest occupancy rates. The sale should cover Cambian's refinancing needs following two profit warnings and a breach in its debt covenants during the past year.

PAI finally grabs SAR

Private equity house PAI Partners is buying a 100% stake in Spain's largest care provider Sarquavitae for €500-550m, roughly a 15x EBITDA multiple.

UK veterinary group may attract Nordic bidders

Summit Capital is selling UK veterinary group Independent Vetcare (IVC), a source said. Potential bidders are Nordic private equity houses EQT and Nordic Capital. They each run a pan-European veterinary operation, Anicura and Evidensia, respectively.

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