mynth
01/2006

ACTEON acquired by EDMOND DE ROTHSCHILD CAPITAL PARTNERS

FRANCE Life Sciences / Medical Devices EV 100M - 350M EUR

Context

Acteon (formerly Satelec-Pierre Rolland), a Mérignac-based medical-dental equipment and consumables manufacturer, has finalized a LBO transaction. Led by Edmond de Rothschild Capital Partners (ERCP) through the special purpose vehicle Financière Noé, the private equity sponsor acquires a 51% controlling interest, while the management team rolls over its equity to retain a 49% stake. Historical shareholders IDI, Edmond de Rothschild Investment Partners (ERIP), and mezzanine provider ICG are converting their stakes into the new structure, facilitating the complete exits of ABN Amro and XAnge Capital. The leveraged financing package comprises a senior debt facility structured across seven tranches and a mezzanine layer. Backed by its strong market positioning, the enterprise is well-placed to leverage its reconstituted investor base to accelerate its high-tech product pipeline and expand its global market presence.

ACTEON, which reported an EBITDA margin of LOGIN in 2005, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Healthcare & Pharma sector (14.8x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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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.

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Historical Financials (EUR)

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Other operations with ACTEON

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
08/2018DENTRESSANGLEACTEONFRANCELife Sciences

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.

06/2016BRIDGEPOINT / RAISE / FLEXSTONE PARTNERSACTEONFRANCELife Sciences

The third LBO of Acteon marks a definitive strategic shift toward institutional global leadership, orchestrated by Bridgepoint Development Capital alongside Raise Investissement and Euro Private Equity. The strategic rationale for this transaction centers on an "innovation-acceleration" play, merging the group’s industry-leading technical operational depth in ultrasonics with the sponsor’s extensive international commercial infrastructure. This structural alignment provides the organization with the scientific talent and logistical hardware required to address the increasing complexity of the global digital dentistry market. This operation allows the group to execute a definitive structural expansion of its product suite, particularly through a renewed emphasis on research and development following several years of stabilization. By incorporating the sponsor’s strategic discipline, the group is now positioned to leverage its recognized leadership in high-frequency imaging to deepen its presence in high-stakes markets such as North America and Asia.

REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 50M - 100M EUR

EBITDA range: 5M - 25M 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 EDMOND DE ROTHSCHILD CAPITAL PARTNERS are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Acquirer: edmond de rothschild capital partners