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12/2020

EUGIN GROUP acquired by FRESENIUS

SPAIN Health Providers / Outpatient Care EV 300M - 700M EUR

Context

Fresenius Helios, the hospital and healthcare services division of Fresenius SE & Co. KGaA, acquired Eugin Group from NMC Health, a UAE-based listed healthcare group, through a dual acquisition structure targeting both the global ex-US operations (via Luarmia S.L.) and the US operations (via NMC Eugin US Corporation, holding 70% of Boston IVF). The remaining 30% of Boston IVF continues to be held by its senior physicians. The transaction establishes Fresenius Helios as a leading international fertility services provider and creates a new dedicated business and reporting unit — alongside Helios Germany and Helios Spain — with a mandate to pursue further buy-and-build expansion.

EUGIN GROUP, which reported an EBITDA margin of in 2021, 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).

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Target

Eugin Group is one of the leading international fertility and assisted reproduction groups, headquartered in Spain and operating a network of numerous clinics and sites across 9 countries and 3 continents. Eugin offers a wide spectrum of state-of-the-art fertility treatment services. The group was transformed from a local Spanish player into a global leader within five years through a combination of healthy organic growth and strategic acquisitions, most notably the 2019 acquisition of Boston IVF — one of the leading US fertility clinic chains — creating one of only two fertility groups with a truly global footprint.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2021
2020

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REFERENCES

Valuation range: EV 300M - 700M EUR

EBITDA range: 25M - 50M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of EUGIN GROUP by FRESENIUS 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: fresenius