At what enterprise value was BERGMAN CLINICS acquired in 2021?

During the acquisition of BERGMAN CLINICS by TRITON PARTNERS in 2021, the transaction's Enterprise Value is estimated to be in the range of 1b - 4b EUR.

What was the EV/EBITDA of BERGMAN CLINICS when it was acquired by TRITON PARTNERS?

The estimated EV/EBITDA multiple for BERGMAN CLINICS is in the range of 15x - 25x.

When was BERGMAN CLINICS acquired by TRITON PARTNERS?

BERGMAN CLINICS was acquired by TRITON PARTNERS in 2021.

What was the EBITDA of BERGMAN CLINICS during the acquisition?

BERGMAN CLINICS's EBITDA is estimated to be in the range of 50M - 100M EUR.

How is the data for the BERGMAN CLINICS acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the BERGMAN CLINICS deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.triton-partners.com/media/news/triton-completes-investment-in-bergman-clinics/

← DATABASE

Home Database Healthcare & PharmaBERGMAN CLINICS

03/2021

BERGMAN CLINICS acquired by TRITON PARTNERS

NETHERLANDS Health Providers / Healthcare Facilities / Clinics / Hospitals EV 1b - 4b EUR

Context

Triton completed an investment in Bergman Clinics alongside existing shareholders NPM Capital and the Malenstein family, who both retained minority positions in the business. The transaction followed a competitive sale process mandated to JP Morgan and Axeco Corporate Finance, which attracted interest from TowerBrook Capital Partners, Cinven, Bain Capital, and BC Partners before Triton emerged as the winning bidder. The process had originally been launched in early 2020 but was put on hold due to the COVID-19 pandemic before being revived in September 2020. Triton's investment is intended to support Bergman Clinics' continued geographic expansion, as well as investment in technological innovation, digitisation, and staff training.

BERGMAN CLINICS, which reported an EBITDA margin of in 2018, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Healthcare & Pharma sector (15.3x).

-> Deep-dive in Healthcare & Pharma market trends

Target

Bergman Clinics is one of the leading chains of independent specialist outpatient clinics in Europe, founded nearly 30 years prior to the transaction and headquartered in Naarden, Netherlands. The group operates 140 focus clinics across five countries — the Netherlands, Sweden, Denmark, Norway, and Germany — treating more than 300,000 patients per year, supported by more than 3,000 employees and over 250 medical specialists. Bergman Clinics is a multi-specialty outpatient platform offering high-quality, plannable elective medical care across a broad range of specialties including orthopaedics, ophthalmology, gynaecology, aesthetic medicine, cardiology, gastroenterology, dermatology, and vascular medicine.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2018

2017

Similar deals in Health Providers

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
04/2021	AMERICAN SECURITIES	SIMONMED IMAGING	UNITED STATES	Radiology
04/2021	ICG / MANAGEMENT & PRIVATE INVESTORS	DOMUSVI	FRANCE	Nursing Homes
03/2021	EQT PARTNERS	CERBA HEALTHCARE	FRANCE	Labs (Biology)
02/2021	SILVER LAKE / NESTLE	IVC EVIDENSIA	UNITED KINGDOM	Vet Clinics
12/2020	ANTIN INFRASTRUCTURE	HIPPOCRATES (LAF - LA FARMACIA)	ITALY	Pharmacy
12/2020	FRESENIUS	EUGIN GROUP	SPAIN	Outpatient Care
12/2020	MEDIAN KLINIKEN	PRIORY GROUP	UNITED KINGDOM	Clinics / Hospitals
12/2020	RADIOLOGY PARTNERS	MEDNAX RADIOLOGY SOLUTIONS	UNITED STATES	Radiology
11/2020	L CATTERTON	ALLIANCE ANIMAL HEALTH	UNITED STATES	Vet Clinics
11/2020	MEDICA GROUP	GLOBAL DIAGNOSTICS	IRELAND	Radiology

REFERENCES

Valuation range: EV 1b - 4b EUR

EBITDA range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of BERGMAN CLINICS by TRITON PARTNERS 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: triton partners