AMEDES acquired by ANTIN INFRASTRUCTURE
Context
Antin Infrastructure Partners acquired a majority stake in Amedes Group from General Atlantic. The transaction provided an exit for General Atlantic, which had owned the asset since 2007 and tripled its revenues through a buy-and-build strategy (30+ acquisitions). For Antin, this investment represents a classic "infrastructure" play in the healthcare sector: high recurring revenue (almost 100% repeat usage) due to sticky relationships between doctors and labs, and low volume volatility.
AMEDES, which reported an EBITDA margin of [members only] in 2016, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, representing a discount to the average currently observed in the Healthcare & Pharma sector (14.3x).
-> Deep-dive in Healthcare & Pharma market trends
Target
Amedes is one of the leading platforms for medical diagnostics in Germany. It has 35 laboratories and 27 practices across Germany and Belgium.
Ent. Value
€500M–1.5bn
Equity Value
[members only]
Multiples
EV / Revenue
[members only]
EV / EBITDA
5x–12x
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with AMEDES
Other operations with AMEDES
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 07/2021 | OMERS | AMEDES | GERMANY | Labs (Biology) |
Similar deals in Health Providers
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 02/2016 | OMERS | Forefront Dermatology | UNITED STATES | Outpatient Care |
| 08/2015 | CINVEN | SYNLAB | GERMANY | Labs (Biology) |
| 05/2015 | CINVEN | LABCO | FRANCE | Labs (Biology) |
| 04/2015 | SUMMIT PARTNERS / VAM INVESTMENTS | DENTALPRO | ITALY | Dental Centers |
| 01/2015 | CERBA HEALTHCARE | NOVESCIA | FRANCE | Labs (Biology) |
| 10/2014 | WATERLAND | MEDIAN KLINIKEN | GERMANY | Clinics / Hospitals |
| 09/2014 | EURAZEO | COLISÉE | FRANCE | Nursing Homes |
| 06/2014 | PAI PARTNERS | DOMUSVI | FRANCE | Nursing Homes |
| 03/2014 | EQT PARTNERS | I-MED RADIOLOGY NETWORK | AUSTRALIA | Radiology |
| 07/2012 | MANAGEMENT & PRIVATE INVESTORS | LVL MEDICAL GERMANY | GERMANY | Outpatient Care |
Other operations with ANTIN INFRASTRUCTURE
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 10/2026 | ANTIN INFRASTRUCTURE | HIGH PERFORMANCE HELICOPTERS | UNITED STATES | Air Freight |
| 02/2026 | ANTIN INFRASTRUCTURE | BELAMBRA CLUBS | FRANCE | Hotels & Accommodation |
| 01/2026 | ANTIN INFRASTRUCTURE | EMSERE | NETHERLANDS | CRO / Clinical Trials |
| 10/2025 | ANTIN INFRASTRUCTURE | SWIFTAIR GROUP | SPAIN | Air Freight |
| 08/2023 | ANTIN INFRASTRUCTURE | CONSILIUM SAFETY GROUP | SWEDEN | Safety & Security |
| 06/2023 | ANTIN INFRASTRUCTURE | Opdenergy | SPAIN | Solar / PV |
| 12/2020 | ANTIN INFRASTRUCTURE | HIPPOCRATES (LAF - LA FARMACIA) | ITALY | Pharmacy |
| 09/2020 | ANTIN INFRASTRUCTURE | MIYA WATER | SPAIN | Water |
| 08/2020 | ANTIN INFRASTRUCTURE | BABILOU FAMILY | FRANCE | Education Providers |
| 07/2019 | ANTIN INFRASTRUCTURE | Vicinity Energy | UNITED STATES | District Heating |
REFERENCES
Valuation range: EV €500M–1.5bn
EBITDA range: €50–100M
EV/EBITDA range: 5x - 12x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of AMEDES by ANTIN INFRASTRUCTURE 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.
Press release: view release
Acquirer: antin infrastructure