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M&A

ERGOMED

Acquired by

PERMIRA

UNITED KINGDOM Healthcare Services EV [500m GBP - 1b GBP] 09/2023

Target

ERGOMED

Acquirer

PERMIRA

Context

Permira acquired Ergomed in a recommended cash offer, taking the company private from the London Stock Exchange (AIM). The transaction was driven by the thesis that Ergomed's next phase of growth—requiring significant investment in technology and international expansion (particularly in the US)—could be better executed away from the public markets. The deal structure allowed the founder, Miroslav Reljanović, to roll over a portion of his equity and remain involved, ensuring continuity. Strategically, Permira aims to supercharge Ergomed's "Site Management" model and its pharmacovigilance capabilities through both organic investment and accretive M&A.

This transaction is part of the Healthcare & Pharma industry, which currently tracks an average EBITDA multiple of 13.4x since the beginning of 2026, 1.2% decrease compared to 2025. 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

Headquartered in the UK, Ergomed is a differentiated Clinical Research Organization (CRO) providing specialized services to the pharmaceutical industry. Unlike generalist CROs, Ergomed has carved out a deep niche in complex therapeutic areas, specifically Oncology and Rare Diseases. Additionally, through its "PrimeVigilance" division, it is a global leader in pharmacovigilance (drug safety monitoring) and medical information services. The company operates in over 100 countries and serves a mix of small biotechs and large pharma clients.

Ent. Value

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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2023
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2022
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Other operations with ERGOMED

mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.