mynth
08/2018

ACTEON acquired by DENTRESSANGLE

FRANCE Life Sciences / Medical Devices REV 100M - 200M EUR

Context

The acquisition of Acteon by Dentressangle represents a major turning point in the medtech’s trajectory, moving toward an aggressive buy-and-build strategy. The strategic rationale for this transaction centers on an "industrial-consolidation" play, merging the group’s industry-leading technical operational depth in ultrasonic surgery with the sponsor’s extensive expertise in executing international build-up operations. This structural alignment provides the organization with the institutional capital and strategic guidance required to address the increasing demand for integrated dental technology suites. This operation allows the group to execute a definitive structural expansion of its product portfolio by identifying specialized family-owned companies to complement its imaging and hardware lines. By incorporating the sponsor’s strategic discipline, the group is now positioned to leverage its recognized leadership in the United States, China, and Japan to drive deeper market penetration. The maneuver optimizes the group’s financial profile, utilizing a robust unitranche facility provided by Capzanine to fund an ambitious roadmap of external growth. Ultimately, the partnership solidifies the group’s standing as a primary enabler of medtech innovation, bridging the gap between sophisticated laboratory-scale imaging science and industrialized clinical manufacturing standards.

In the past, the company had already been the subject of several LBOs, notably led by Edmond De Rothschild Capital Partners in 2006 and Bridgepoint / Raise / Flexstone Partners in 2016. These multiple LBO cycles illustrate the strong appeal for this type of asset.

ACTEON, which reported an EBITDA margin of in 2018, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Healthcare & Pharma sector (15.9x).

-> Deep-dive in Healthcare & Pharma market trends

Target

Acteon is a France company specialized in Dental Technology. The organization has built its name as a high-fidelity provider of specialized medical devices, particularly leading the field in ultrasound surgery and digital medical imaging. Instead of producing generic dental tools, they thrive on a philosophy of clinical precision, offering innovative hardware that enables dentists and surgeons to perform minimally invasive procedures with superior imaging clarity. Their growth is currently fueled by a rigorous focus on new product development, a shift that has allowed them to break out of historical stagnation and capture significant market share in fast-growing dental tech segments.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2018
2017

Other operations with ACTEON

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
06/2016BRIDGEPOINT / RAISE / FLEXSTONE PARTNERSACTEONFRANCEMedical Devices
01/2006EDMOND DE ROTHSCHILD CAPITAL PARTNERSACTEONFRANCEMedical Devices

REFERENCES

Revenue range: 100M - 200M EUR

EBITDA range: 10M - 30M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ACTEON by DENTRESSANGLE are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Acquirer: dentressangle