Waterland backed Medhold sold to Sonic Healthcare
Waterland Private Equity has divested its stake in Belgian laboratory business Medhold Group to Australian-based Sonic Healthcare who has fully acquired the business.
The purchase price for Medhold is based on an enterprise value of €232m and represents an EBITDA multiple of approximately 8.4x before synergies.
Waterland invested in Medhold in December 2007 as part of an expansion deal, acquiring a 50% stake in the company.
Founded in 1980 the Medhold Group employs over 300 staff and operates from a new, purpose-built, state-of-the-art reference laboratory in Antwerp.
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