NBGI's Praticdose to merge with Cima

Anneken Tappe
03 October 2012

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NBGI Private Equity has completed the bolt-on acquisition of French healthcare equipment provider Cima, which will be merged with Praticdose.

Following the bolt-on acquistion, the turnover of the combined group will amount to €25m. The deal originated from the previous relationship between the management teams of the companies.

Praticdose was acquired by NBGI in a deal valued at €25-50m in June 2010.

Societe Générale and LCL provided fresh senior debt for the Cima acquisition. In the initial buyout of Praticdose, both lender had provided a senior loan facility, while CIC Mezzanine provided mezzanine financing.

Company
Cima is a French provider of healthcare and medical equipment, based in Avranches. It provides modular equipment for the storage and administration of drugs and medical equipment for patient assistance. It is currently trading under the brands Altitude and Pierson.

People
Investment director Laurent Allegot led the deal on behalf of NBGI. He was supported by Yoann Malys and Mia Lauranti. Regis Guitard, currently chairman of Praticdose, will head the merged companies upon completion of the deal. Cima was acquired from its founders Gerard Bordin and Patrick Bessette.

Advisers
Equity – HPML, Thomas Hermetet, Anna Gassner (Legal, tax); PricewaterhouseCoopers, Erwan Colder (Financial due diligence); Rolland Berger & Associes, Philippe Rolland (Legal, tax); ACBS, Francois de Sailly (Insurance due diligence); ERM, Julien Famy (Environmental due diligence).
Company – Fidal, Jerome Vallancon (Legal); Hamelin Le Cardonnel, Bruno Louis (Corporate finance).