Magnum to acquire Indiba in SBO

According to Spanish daily El Confidencial, management has retained a minority stake in the company.  

According to unquote" data, Magnum is investing from its fund Magnum Capital II, launched in 2014. The buyout fund has a target size of €500m. It seeks to take majority stakes in Iberian companies with enterprise values ranging €100-800m. 

Private equity firm Minerva acquired 80% of Indiba in 2006, which had an enterprise value of €20m. At the time, the management team retained 10% of shares with an option to buy the remaining 10% in the future.

Founded in 1983, Barcelona-based Indiba specialises in the research and development of electro-medical equipment, which allows for the application of high frequency currents on biological tissue. Such equipment is used for medical and cosmetic treatments as well as in physiotherapy. Indiba has units in France, Italy, Japan and the US, and sells its machines in more than 65 countries. It reports sales of €18m.

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• Topics
• Buyouts
• Southern Europe
• Healthcare
• Spain
• Magnum Capital Industrial Partners