• Home
  •  
    Regions
    • Europe
    • UK & Ireland
    • DACH
    • Nordic
    • France
    • Southern Europe
    • Benelux
    • CEE
    • Asia
  •  
    Deals
    • Buyouts
    • Venture
    • Exits
    • Refinancings
    • Build-up
    • Turnaround
    • Secondaries
    • Advanced deals search
  •  
    Funds
    • Buyout
    • Venture
    • Mezzanine
    • Debt
    • Funds-of-funds
    • Secondaries
    • Fundraising pipelines
    • Advanced funds search
  •  
    GPs & LPs
    • GP profiles
    • LP profiles
    • GP news
    • LP news
    • Sponsors search
    • LPs search
  •  
    Secondaries
    • Deals
    • Funds
    • News
    • Analysis
  •  
    People
    • People moves
    • Analysis
    • In Profile
    • Q&A
    • Videos
    • Comment
  •  
    Analysis
    • In Profile
    • Fundraising
    • Q&A
    • Comment
    • Videos
    • Podcast
    • Reports
    • Data Snapshots
  •  
    Unquote Data
    • Deals search
    • Exits search
    • Funds search
    • Sponsors search
    • Advisers search
    • LPs search
    • League tables
    • Reports
  • Sign in
  • Sign in
    • You are currently accessing unquote.com via your Enterprise account.

      If you already have an account please use the link below to sign in.

      If you have any problems with your access or would like to request an individual access account please contact our customer service team.

      Phone: +44 (0)203 741 1137

      Email: Georgina.Lawson@acuris.com

      • Sign in
     
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
  • Follow us
    • Twitter
    • LinkedIn
  • Free Trial
  • Subscribe
Unquote
Unquote
  • Home
  • Regions
  • Deals
  • Funds
  • GPs & LPs
  • Secondaries
  • People
  • Analysis
  • Unquote Data
  • You are currently accessing unquote.com via your Enterprise account.

    If you already have an account please use the link below to sign in.

    If you have any problems with your access or would like to request an individual access account please contact our customer service team.

    Phone: +44 (0)203 741 1137

    Email: Georgina.Lawson@acuris.com

    • Sign in
 
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 
Unquote
  • Healthcare

GBL bags second healthcare asset this week with SBO of Sanoptis

  • Rachel Lewis
  • 20 April 2022
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  

Belgian investor Groupe Bruxelles Lambert (GBL) has acquired DACH ophthalmology clinics company Sanoptis from Telemos Capital.

The incumbent sponsor is fully exiting the asset, according to a spokesperson, despite earlier reports that Telemos wanted to remain a minority shareholder.

GBL competed alongside ICG and Ares Management in the second round of bids, as reported by Unquote's sister publication Mergermarket.

Sanoptis

  • DEAL:

    SBO

  • LOCATION:

    Zug

  • SECTOR:

    Health Care Providers

  • FOUNDED:

    2018

  • TURNOVER:

    EUR 300m

  • EBITDA:

    EUR 100m

  • VENDOR:

    Telemos Capital

The new owner will invest up to EUR 750m in equity in the transaction and existing management will increase its stake in the company, according to a press release.

The deal follows GBL's acquisition of a majority stake in pan-European outpatient group Affidea, announced yesterday.

Sanoptis has been expected to sell for 15x EBITDA, a similar price tag to that of rival Veonet, which was acquired by PAI and OTPP in November.

The asset was marketed off around EUR 100m EBITDA in an auction process managed by Rothschild. It had over EUR 300m revenue in 2021 with 250 ophthalmology clinics across Germany and Switzerland. 

The investment bank had invited a handful of investors to submit bids on the asset at the end of March, as reported. BC Partners and Partners Group had been expected to take part in the earlier round. 

GBL said it will continue to grow the group organically and through acquisitions.

Advisors 

GBL – Goldman Sachs (M&A); Bain & Company (commercial), EY (finance and tax) and Kirkland & Ellis (legal).

Telemos – Rothschild & Co (M&A), Linklaters, Mazars and Homburger (legal), EY (financial and tax), and Bain & Co (commercial).

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  
  • Topics
  • Healthcare
  • Buyouts
  • healthcare

More on Healthcare

Opticians and spectacles retailers
Ergon et al. sell Indo to PE-backed Rodenstock

Sherpa Capital and Oquendo Capital are also selling their stakes in the ophthalmic lenses producer

  • Exits
  • 19 May 2022
Plant-based healthcare supplements
BC Partners, Cinven, Apax and Wendel circle Havea sale

French natural consumer healthcare manufacturer is set to collect non-binding bids next month

  • Exits
  • 19 May 2022
Fundraising in euros
Portobello Structured Partnership holds EUR 250m final close

Vehicle is the GP's first dedicated fund for minority stakes in Southern European mid-market companies

  • Buyout
  • 18 May 2022
Biotechnology laboratories
Apollo buys minority stake in life sciences investor Sofinnova

Deal gives the French VC firm EUR 1bn in commitments for future funds as well as access to broader LP base

  • Healthcare
  • 17 May 2022

Latest News

Saas PIM solutions
  • Nordics
Verdane scores 5x MOIC in partial exit of Inriver to THL

Majority investment from THL Partners sees Verdane retain a minority stake in the Swedish company

  • 20 May 2022
Sports nutrition and protein shakes
  • Buyouts
CVC to buy sports nutrition specialist The Quality Group

GP to acquire majority stake via Fund VIII; German group’s founders to reinvest in the deal

  • 20 May 2022
German fundraise
  • DACH
DBAG to target EUR 1.3bn-EUR 1.5bn for new buyout fund next year

German GP’s new vehicle will be slightly larger than its predecessor, which is set to complete deployment in two years

  • 20 May 2022
Fundraising in euros
  • Fundraising
Alcedo heads for June final close for Fund V

Italian GP has received EUR 230m in commitments to date for Fund V against a EUR 250m hard-cap

  • 20 May 2022
Back to Top

Most read

Saas PIM solutions
Verdane scores 5x MOIC in partial exit of Inriver to THL
Sports nutrition and protein shakes
CVC to buy sports nutrition specialist The Quality Group
German fundraise
DBAG to target EUR 1.3bn-EUR 1.5bn for new buyout fund next year
Fundraising in euros
Alcedo heads for June final close for Fund V
French fundraising in euros
Eurazeo heads for EUR 1bn H1 2022 close for PME IV
  • About Unquote
  • Advertise
  • Contacts
  • About Acuris
  • Terms of Use
  • Privacy Policy
  • Group Disclaimer
  • Twitter
  • LinkedIn

© Merger Market

© Mergermarket Limited, 10 Queen Street Place, London EC4R 1BE - Company registration number 03879547

Digital publisher of the year 2010 & 2013

Digital publisher of the year 2010 & 2013