• 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
  • PIPEs

ArchiMed to acquire Bomi in €70m take-private deal

  • Alessia Argentieri
  • Alessia Argentieri
  • 04 March 2019
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  

Healthcare-focused GP ArchiMed has launched a bid to acquire Milan-listed healthcare logistics specialist Bomi Group in a €70m deal.

ArchiMed's bid is subject to a number of conditions, notably that 90% of all shares will be tendered – which is the threshold for de-listing the company from the Italian stock exchange.

The bid translates into an offer of €4.00 per share – which equates to 30.67% more than yesterday's official closing share price of €3.06 and 50.38% more than the six-month average price of €2.66 – as well as an offer of €4,000 for each of the company's convertible bonds.

Bomi Group

  • DEAL:

    Take-private

  • VALUE:

    €70m

  • LOCATION:

    Vaprio d'Adda

  • SECTOR:

    Transportation services

  • FOUNDED:

    1985

  • TURNOVER:

    €117.9m (2017)

  • EBITDA:

    €11.3m (2017)

The GP secured the support of all major shareholders with stakes of more than 5%, which have all committed to selling their full shareholdings to ArchiMed. The shareholder base includes the founding Ruini family and private equity firms Quaestio Capital Management and First Capital, which control 50.4%, 12.4% and 5.6% in Bomi, respectively.

The GP intends to finance the acquisition via its new mid-market fund, Med Platform I, which was launched in June 2018 with a target of €800m and held a €530m first close in October 2018.

If the bid is successful, Bomi's management team led by CEO Marco Ruini will stay on with the business, with the latter reinvesting more than 40% of his proceeds from the sale back into the company for a 5% stake. In addition, ArchiMed partner André-Michel Ballester will be appointed Bomi's new chair.

The GP intends to boost Bomi's growth both organically and through acquisitions, support its expansion into new countries, enlarge its client base, and broaden its offering with new services and products for the healthcare supply chain management.

Company
Established in 1985 and based in Vaprio d'Adda, near Milan, Bomi specialises in transport, warehousing and supply chain management for healthcare companies ranging from pharmaceutical and medical equipment manufacturers to hospitals, testing laboratories and outpatient service providers. The business operates in 20 countries across Europe, the Americas and Asia, and generated EBITDA of €11.3m from revenues of €117.9m in 2017, and EBITDA of €6.3m from €62.2m in the first half of 2018.

People
ArchiMed – André-Michel Ballester (partner).
Bomi Group – Marco Ruini (CEO).

Advisers
Equity – Gianni Origoni Grippo Cappelli & Partners (legal); Equita (corporate finance); KPMG (financial due diligence); Bonafè Grifoni e Associati (tax). 
Company – Simmons & Simmons (legal).

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  
  • Topics
  • PIPEs
  • Southern Europe
  • Industrials
  • Italy
  • Take Private
  • KPMG

More on PIPEs

Liad Meidar of Gatemore Capital Management
Gatemore eyes larger stakes in listed SMEs as path to take-privates

With its first closed-end fund in the making, the activist investor will use larger stakes to drive value creation and direct small-cap targets towards PE sales

  • GPs
  • 11 January 2023
Electric cars and fuelling stations
Allego to go public via merger with Apollo-sponsored Spac

Transaction values Allego at a pro forma equity value of USD 3.14bn, including a USD 150m PIPE

  • PIPEs
  • 29 July 2021
Retail delivery services and logistics
Permira makes EUR 1.9bn investment in Adevinta

Deal will see eBay decrease its stake in Adevinta as part of the acquisition of eBay Classifieds

  • PIPEs
  • 14 July 2021
Food production lines and packaging machines
Apollo makes first deal from Impact strategy

Apollo will launch a take-private bid for the recycled cardboard producer on completion of the deal

  • PIPEs
  • 05 July 2021

Latest News

Fund closes in US dollars
  • Funds
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote

  • 05 September 2023
Clinical trials and biotechnology
  • Buyouts
Permira to take Ergomed private for GBP 703m

Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO

  • 04 September 2023
Public sector software
  • Exits
Partners Group to release IMs for Civica sale in mid-September

Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017

  • 04 September 2023
EMEA Public to Private M&A
  • Investments
Change of mind: Sponsors take to de-listing their own assets

EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater

  • 04 September 2023
Back to Top
  • 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