M&A/IPOs

 

Palamon pushes Bridgepoint off IDH/mydentist sale

Palamon Capital, the minority shareholder of dental group IDH/mydentist has bought majority control from Carlyle. Bridgepoint had earlier bought the group for £700m but Palamon has now exercised a right of first offer to push it out of the sale. 

Charme Capital buying Bianalisi

Private equity firm Charme Capital is reportedly in exclusive negotiations to acquire one of Italy's largest lab groups for 16x 2020 EBITDA. 

Centros Unico closes UK clinics

Centros Unico, a Spanish cosmetic surgery chain has closed four clinics in the UK with the current state of the company’s UK operations remains unclear. A source says they are franchised outlets. 

Rede D’Or to build new hospitals with $340m follow-on

Brazil's largest hospital group Rede D'Or has raised $340m in new shares with a follow-on that includes Carlyle selling down its stake. It says it will use the proceeds of the primary offering to build and acquire new assets.

Ramsay makes £1bn Spire offer – but investors want more

Global hospital operator Ramsay Health Care has made a £1bn offer to acquire listed UK group Spire Healthcare, but some investors may reject the offer and share price movements show another bid may be expected. The 29.9% shareholder, Mediclinic, has agreed to sell to Ramsay despite making a similar takeover offer three years ago. It comes during a UK market pivot towards NHS activity to help clear massive backlogs after Covid.

The deals you can expect to see in the next two months

M&A slowed to a trickle during COVID but the next six weeks will see a flood of deals. HBI examines the deals that are about to happen, the companies looking to IPO, and reviews a handful of deals that remain resolutely on hold for the moment.

Swiss Medical to integrate Pyramide after buyout

Listed Swiss Investment company Aevis Victoria has agreed to buy out the remaining physician shareholders of Zurich-based Klinik Pyramide and integrate it into its hospital subsidiary Swiss Medical Network.

Competition regulator halts Mediq deals

The Dutch competition authority has halted homecare operator Mediq's acquisition of Gimv-owned Eurocept and Excellent Clinics. The parties must now apply for a permit if they want to proceed with the acquisition. 

Orpea grabs top spot in Ireland

Orpea, Europe's second largest nursing home group by revenue, has agreed to buy Irish group FirstCare in a purchase reportedly worth more than €100 million. Orpea will become the largest private care home operator in Ireland by bed number.

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