BANOOK acquired by MOTION EQUITY PARTNERS
Context
Motion Equity Partners acquired a majority stake in Banook Group from Turenne Sante. The transaction was structured as a growth-oriented LBO, with the management team and Turenne Sante reinvesting substantially. The primary goal was to provide Banook with the resources to accelerate its buy-and-build strategy, focusing on North American expansion and diversification into eCOA and biostatistics.
BANOOK, which reported an EBITDA margin of in 2022, 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 (15.6x).
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Target
Founded in 1999 in Nancy, Banook has established itself as a Cardiac Safety Central Service Provider specialized in the centralization of cardiac data derived from electrocardiograms (ECG) and central imaging within the context of clinical trials. For over 25 years, Banook has been a trusted partner for pharmaceutical laboratories, biotechnology companies, and generalist Contract Research Organizations (CROs), streamlining drug candidates safety and efficacity assessment by centralizing and analyzing ECG and medical imaging data.
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Historical Financials (EUR)
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| 09/2023 | PERMIRA | ERGOMED | UNITED KINGDOM | CRO / Clinical Trials |
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| 11/2020 | KERSIA | SOPURA | BELGIUM | Sterilization & Hygiene |
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| 05/2020 | CLAYTON, DUBILIER & RICE (CD&R) | HUNTSWORTH | UNITED KINGDOM | Healthcare Services |
| 01/2018 | SPECTRIS | CONCEPT LIFE SCIENCES | UNITED KINGDOM | CRO / Clinical Trials |
REFERENCES
Revenue range: 5M - 25M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Acquirer: motion equity partners