BIO PRODUCTS LABORATORY (BPL) acquired by PERMIRA
Context
Permira acquired BPL from its sole shareholder, Tiancheng International Investment (TII), which had owned the business since 2016. The acquisition was part of a larger strategic plan to merge BPL's robust US collection network and specialized rare disease portfolio with Kedrion. By detaching BPL from its Chinese parent company, Permira allowed the business to refocus on its core UK and US markets. The combination created massive synergies in fractionation capacity and plasma supply, solving long-standing raw material bottlenecks for the UK-based manufacturing facilities.
BIO PRODUCTS LABORATORY (BPL), which reported an EBITDA margin of in 2024, 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
BPL is a pioneer in the plasma industry, primarily focused on the development and manufacture of rare disease therapies. It operates two divisions: BPL Plasma (operating ~29 collection centers in the US) and BPL Therapeutics (manufacturing in the UK). Its products treat immune deficiencies, bleeding disorders, and infectious diseases.
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REFERENCES
Revenue range: 250M - 500M GBP
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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.
Press release: view release
Acquirer: permira