LABEXA acquired by CERBA HEALTHCARE
Context
Cerba HealthCare acquired Labexa following a competitive auction process managed by Oddo BHF, beating out its main rival Biogroup. The acquisition allows Cerba to significantly strengthen its footprint in the French "Nouvelle-Aquitaine" region. The transaction followed Cerba's massive EUR1.2 billion acquisition of Lifebrain in Italy and was finalized shortly after Cerba's own LBO with EQT. The target's biologist-partners opted for an industrial exit to join a major laboratory network.
By taking control of Labexa, Cerba Healthcare continues its expansion strategy. Previously, the group had completed 2 acquisitions, including Lifebrain in 2021.
LABEXA, which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to 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
Labexa is a leading medical biology group in the Nouvelle-Aquitaine region, formed through the successive merger of several networks (Exalab, LBA, Sealab, and Accolab Sud-Ouest). It operates 94 sites with 1,000 employees across seven departments in southwestern France. In 2020, the group generated approximately EUR120 million in revenue.
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Historical Financials (EUR)
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REFERENCES
Valuation range: EV 300M - 700M EUR
Revenue range: 100M - 200M EUR
EBITDA range: 25M - 50M 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: cerba healthcare