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M&A

KEDRION

Acquired by

PERMIRA

ITALY Life Sciences REV [500m EUR - 1b EUR] 01/2022

Target

KEDRION

Acquirer

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.

This transaction is part of the Healthcare & Pharma industry, which currently tracks an average EBITDA multiple of 12.8x since the beginning of 2026, 1.8% increase compared to 2025. 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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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2020
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2019
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Other operations with KEDRION

mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.