mynth
04/2015

IDIS acquired by CLINIGEN GROUP

UNITED KINGDOM Healthcare Services EV £100–350M

Context

Clinigen Group acquired IDIS from private equity firm CBPE Capital. This acquisition brings together the two leading players in the ethical unlicensed medicines market. For CBPE, this exit represents a phenomenal success story: after backing the management buyout in 2005 and holding the asset for a decade, they achieved a 22x return on their original investment. The industrial logic for Clinigen is to consolidate the fragmented $5 billion unlicensed medicines market, combining IDIS's regulatory expertise and broad geographic footprint with Clinigen's existing infrastructure to serve healthcare professionals and pharma clients more effectively worldwide.

IDIS, which reported an EBITDA margin of [members only] in 2015, is valued in this transaction at an EV/EBITDA multiple of 10x–18x, representing a level close to the average currently observed in the Healthcare & Pharma sector (14.3x).

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Target

Founded in 1987 and headquartered in Weybridge (with a US base in Princeton), IDIS is a specialized provider of "Managed Access Programs" (MAPs). The company helps pharmaceutical companies provide ethical access to unlicensed medicines for patients with unmet medical needs (e.g., providing a cancer drug to a patient in a country where it is not yet approved). It navigates the complex regulatory landscape to supply medication in nearly 100 countries.

Ent. Value

£100–350M

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

10x–18x

EV / EBIT

[members only]

Historical Financials (GBP)

Year
Rev
EBITDA
EBIT
2015
£100–200M
£5–25M
[members only]
2014
£100–200M
£5–25M
[members only]

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REFERENCES

Valuation range: EV £100–350M

Revenue range: £100–200M

EBITDA range: £5–25M

EV/Revenue range: 1x - 3x

EV/EBITDA range: 10x - 18x

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