mynth
07/2019

IONISOS acquired by 3I

FRANCE Life Sciences / Pharma & Biotech / CDMO EV 300M - 700M EUR

Context

Ionisos, a leading European specialist in cold sterilization services, has entered its fifth LBO cycle following its acquisition by 3i Infrastructure. The London-listed investor is deploying �220 million to acquire up to 100% of the company's equity from Ardian Expansion, which had held the asset since 2016. The remaining shares are held by the management team.

IONISOS, which reported an EBITDA margin of in 2016, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Healthcare & Pharma sector (15.6x).

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Target

IONISOS, a specialist in gamma sterilization, ebeam, X-rays and ethylene oxide sterilization, offers its ionizing radiation and EO gas treatment services to professionals in the medical, pharmaceutical, veterinary, cosmetics and agri-food packaging industries.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2016
2015

Similar deals in Life Sciences

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DateAcquirerTargetCountrySector
09/2019SAGARDSTERIMEDFRANCEMedical Consumables
08/2019PERMIRACAMBREX CORPORATIONUNITED STATESCDMO
07/2019PERMIRAQUOTIENT SCIENCESUNITED KINGDOMCDMO
05/2019ARDIANSINTETICASWITZERLANDPharma & Biotech
04/2019ICG / MERIEUX EQUITY PARTNERSDOC GENERICIITALYGenerics / Labs
04/2019EURAZEOD.O.R.C. (DUTCH OPHTHALMIC RESEARCH CENTER)NETHERLANDSMedical Devices
12/2018MERCK & CO.ANTELLIQFRANCEAnimal Health
11/2018ARDIANNEOPHARMED GENTILIITALYGenerics / Labs
10/2018ASTORGNEMERAFRANCEMedical Consumables
10/2018BRIDGEPOINTHTL BIOTECHNOLOGYFRANCECDMO

REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 25M - 50M EUR

EBITDA range: 5M - 25M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of IONISOS by 3I 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.

Acquirer: 3i