At what enterprise value was KOS GROUP acquired in 2016?

During the acquisition of KOS GROUP by F2I SGR / CIR - COMPAGNIE INDUSTRIALI RIUNITE in 2016, the transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b EUR.

What was the EV/EBITDA of KOS GROUP when it was acquired by F2I SGR / CIR - COMPAGNIE INDUSTRIALI RIUNITE?

The estimated EV/EBITDA multiple for KOS GROUP is in the range of 10x - 18x.

What was the revenue of KOS GROUP at the time of the deal?

The revenue of KOS GROUP at the time of the deal is estimated to be in the range of 250M - 500M EUR.

What was the EBITDA of KOS GROUP during the acquisition?

KOS GROUP's EBITDA is estimated to be in the range of 50M - 100M EUR.

How is the data for the KOS GROUP acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the KOS GROUP deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.cirgroup.it/comunicati-stampa/cir-e-f2i-accordo-per-acquistare-da-ardian-il-467-di-kos/

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Home Database Healthcare & PharmaKOS GROUP

03/2016

KOS GROUP acquired by F2I SGR / CIR - COMPAGNIE INDUSTRIALI RIUNITE

ITALY Health Providers / Healthcare Facilities / Nursing Homes EV 500M - 1.5b EUR

Context

CIR and F2i have signed an agreement to acquire the 46.7% stake in KOS Group previously held by Ardian. The strategic rationale for the transaction is to resolve the future ownership structure of the group, allowing CIR to maintain long-term industrial control while enabling Ardian to exit after a six-year investment cycle. Under the agreement, F2i enters as a major strategic partner, acquiring a 37.3% stake, while CIR increases its majority position from 51.3% to 62.7%. This partnership combines CIR’s historical industrial knowledge of KOS with F2i’s infrastructure investment capabilities. The new governance framework includes a shareholders' agreement that grants F2i significant participation in strategic management and board representation. The transaction solidifies KOS’s capital base, providing the necessary stability to continue its expansion in the specialized rehabilitation and elderly care markets both in Italy and internationally.

KOS GROUP, which reported an EBITDA margin of in 2015, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Healthcare & Pharma sector (15.3x).

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Target

Founded in 2002, KOS Group is a leading European healthcare provider specializing in long-term care, social-health services, and chronic care management. The company’s business model is diversified across three primary pillars: nursing homes (Residenze Sanitarie Assistite - RSA), functional and psychiatric rehabilitation centers, and specialized hospital services including diagnostic imaging and cancer care. Strategically, the organization operates a dual-country platform with a significant presence in Italy and Germany, managing over 13,000 beds across its facility network. Its value proposition is built on the integration of high-quality clinical protocols with efficient infrastructure management, catering to the rising demand for geriatric and rehabilitative care in aging European demographics. By combining private-pay services with accredited regional healthcare systems, the group maintains a resilient revenue profile underpinned by essential long-term healthcare infrastructure.

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Other operations with KOS GROUP

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
11/2025	CIR - COMPAGNIE INDUSTRIALI RIUNITE	KOS GROUP	ITALY	Nursing Homes

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 250M - 500M EUR

EBITDA range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of KOS GROUP by F2I SGR / CIR - COMPAGNIE INDUSTRIALI RIUNITE 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.

Press release: view release

Acquirer: cir - compagnie industriali riunite / f2i sgr