Healthcare
EQT-backed SHL Medical buys Weibel CDS
EQT, via EQT VIII, acquired a minority stake in SHL Medical at the end of 2019
Cowen Healthcare in €47m extension round for AM-Pharma
Round comprises €23m in equity and a €24m finance facility provided by the European Investment Bank
York Capital, Elements Capital buy Pillarstone-backed Famar
In addition to Famar Italia, the Italian subsidiary of Famar, the deal also includes Famar Properties
Arx reaps 3.6x on DCB trade sale
Divestment generates an overall cash-on-cash return of 3.6x and an IRR of more than 25%
Immatics acquired by sponsor-backed Arya
Immatics will receive proceeds of approximately $252m upon closing of the deal
CBPE sells SpaMedica to Nordic Capital-backed Ober Scharrer
Nordic Capital is currently investing from its ninth fund, Nordic Capital IX, which closed on €4.3bn
Turenne backs Banook MBO
GP invests from its Capital Sante 2 fund, which held a first close on €100m in March 2019
LSP closes sixth fund on $600m
Fund invests in European companies developing new medications and medical technologies
Summit-backed Viroclinics acquires DDL
Bob van Gemen, CEO of Viroclinics Biosciences, will serve as CEO of the combined organisation
Limerstone buys Patricia Whites and Country Cousins for £14m
Grant Thornton was engaged to explore an auction process for the assets in December 2019
LDC acquires stake in healthcare company Ashtons
Founder Laurence Sprey will exit the company, with LDC backing the management team
Summit backs Viroclinics Biosciences
Summit Partners managing director Thomas Tarnowski has joined the Viroclinics board of directors
Five Arrows to sell stake in Dutscher to LBO France
Five Arrows previously acquired a minority stake in Dutscher in 2013
GA leads $130m series-B for Immunocore
Five existing investors, including Eli Lilly and RTW Investments, take part in the round
Redmile, Sofinnova invest £26.3m in Redx
Redmile has agreed to subscribe for 11.5 million new ordinary shares for 11.2 pence per share
Alvia buys majority stake in Hamburg Care
Acquisition of a majority stake in the Germany-based care provider marks the firm's first investment
Khosla leads $9m series-A extension for Sword Health
Vesalius Biocapital, Green Innovations, Founders Fund and Faber Ventures also take part in the round
SHS buys minority stake in Blazejewski Medi-Tech
Deal for endoscope manufacturer marks the final investment from SHS Fonds IV
Bain- and Cinven-backed Stada buys 15 GSK brands
Deal is part of Stada's growth in the consumer health and over-the-counter sectors
PE still hungry for retirement homes, but infra funds loom
Eight deals were completed in the retirement homes sector across Europe in 2019, above the annual average of five since 2014
Aksia-backed Primo invests in L Catterton's CareDent
Combined group will operate a network of 155 dental clinics and generate revenues of around €100m
Praetura leads £7m round for Inotec
Praetura is currently investing from its EIS 2020 Fund, which closed on £7m in February 2020
KKR-backed Gamma takes stake in Univercells subsidiary
KKR's $50m investment in Univercells will be drawn from its Health Care Strategic Growth Fund
Palatine sells Vernacare to HIG
HIG is currently investing from Growth Buyout Equity Fund III, which closed on $970m
