KEDRION acquired by PERMIRA
Context
Permira acquired a controlling stake in Kedrion from the founding Marcucci family and existing institutional investors FSI and CDP Equity. The transaction was structured as a partnership where the Marcucci family, FSI, and CDP Equity reinvested a significant minority stake to maintain the group's Italian heritage and operational continuity. The deal was contingent on the simultaneous acquisition of BPL to create a unified global platform. This allowed Kedrion to secure its supply chain and significantly expand its US and international footprint while transitioning from a family-run business to a private equity-backed global player.
KEDRION, which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Healthcare & Pharma sector (14.8x).
Note that 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
Kedrion is an international biopharmaceutical company that specializes in the development, production, and distribution of plasma-derived therapeutic products. It operates a vertically integrated model, from collection centers in the US to manufacturing plants in Italy, Hungary, and North America. It is a dominant player in the Italian market and the 5th largest globally in its sector.
Ent. Value
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Multiples
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Historical Financials (EUR)
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REFERENCES
Revenue range: 450M - 900M EUR
EBITDA range: 100M - 200M EUR
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Acquirer: permira