mynth
05/2019

SINTETICA acquired by ARDIAN

SWITZERLAND Life Sciences / Pharma & Biotech REV 50M - 100M CHF

Context

Ardian acquired a majority stake in Sintetica from the majority shareholder Daphne and the owner family. The transaction was structured as a partnership, with the existing shareholders and management team reinvesting via a significant minority stake to maintain continuity. At the time of the deal, Sintetica was in a phase of hyper-growth (31% CAGR between 2016-2018). Ardian's investment was designed to accelerate the company's internationalization—expanding its reach beyond the 45 countries it already served—and to fuel R&D for new patented, "ready-to-use" drug delivery systems that optimize hospital efficiency and patient safety.

SINTETICA, which reported an EBITDA margin of in 2018, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Healthcare & Pharma sector (15.6x).

-> Deep-dive in Healthcare & Pharma market trends

Target

Sintetica is a long-standing Swiss pharmaceutical company specializing in the research, manufacturing, and marketing of high-quality sterile injectable solutions. Its portfolio focuses on innovative "ready-to-use" formulations for local anesthesia and pain management, specifically designed to reduce opioid reliance and support the global trend of ambulatory (one-day) surgery.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (CHF)

Year
Rev
EBITDA
EBIT
2018
2017

Similar deals in Life Sciences

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
07/20193IIONISOSFRANCECDMO
07/2019PERMIRAQUOTIENT SCIENCESUNITED KINGDOMCDMO
04/2019EURAZEOD.O.R.C. (DUTCH OPHTHALMIC RESEARCH CENTER)NETHERLANDSMedical Devices
04/2019ICG / MERIEUX EQUITY PARTNERSDOC GENERICIITALYGenerics / Labs
12/2018MERCK & CO.ANTELLIQFRANCEAnimal Health
11/2018ARDIANNEOPHARMED GENTILIITALYGenerics / Labs
10/2018BRIDGEPOINTHTL BIOTECHNOLOGYFRANCECDMO
10/2018ASTORGNEMERAFRANCEMedical Consumables
10/2018ARDIANINULA GROUPBELGIUMPharma & Biotech
08/2018DENTRESSANGLEACTEONFRANCEMedical Devices

REFERENCES

Revenue range: 50M - 100M CHF

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