mynth
10/2020

H2 PHARMA acquired by ARDIAN

FRANCE Life Sciences / Pharma & Biotech / CDMO REV 25M - 50M EUR

Context

Ardian Growth acquired a minority stake in H2 Pharma in its inaugural healthcare investment. The partnership was established to support the company's ambitious industrial scaling, with a production target of 100 million units per year. The strategic roadmap focuses on internationalizing the group's footprint within the European market and diversifying its service offering to include regulatory affairs and analytical control. Ardian provides strategic support to leverage H2 Pharma's automated manufacturing processes and R&D capabilities, aiming to strengthen its position as a preferred CDMO partner for international pharmaceutical laboratories.

H2 PHARMA, which reported an EBITDA margin of in 2019, 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 2009, H2 Pharma is a leading French specialist in the design and production of non-sterile liquid generic and OTC medicines (mouthwashes, syrups, oral solutions). A key partner for major pharmaceutical laboratories, the company controls the entire value chain, from R&D and Marketing Authorization (AMM) filings to automated production and regulatory affairs.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2019
2018

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REFERENCES

Revenue range: 25M - 50M 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.

Press release: view release

Acquirer: ardian