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06/2020MajorityLBO

Avista Capital Partners takes majority stake in Vision Healthcare

BELGIUM Life Sciences / Nutrition & Dietary Supplements EV €300–700M

Context

The acquisition of Vision Healthcare NV by Avista Capital Partners marks a significant milestone in the company's strategic journey. The partnership enables Vision to realize further rapid growth and make additional investments that leverage its differentiated direct-to-consumer business model. With Avista's expertise and resources, Vision is well-positioned to expand its geographic reach and accelerate its acquisition strategy into the global direct-to-consumer healthcare market. The transaction also allows Vision to benefit from Avista's experience in the consumer healthcare sector, providing operational guidance and financial resources to drive growth and performance. As the consumer healthcare market continues to evolve, Vision is poised to take advantage of the growing demand for preventive health solutions and direct-to-consumer experiences, and the partnership with Avista will play a critical role in supporting the company's ambitious growth plans.

Vision Healthcare, which reported an EBITDA margin of [members only] in 2020, is valued in this transaction at an EV/EBITDA multiple of 10x–18x.

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Target

Vision Healthcare NV is a Belgium-based consumer healthcare platform with sales and operations across continental Europe. The company owns and markets a large branded portfolio of self-care and over-the-counter products, utilizing an omni-channel approach with a specific focus on online and direct-to-consumer channels. Founded in 2017, Vision has rapidly grown through a combination of successful buy-and-build strategies and strong organic growth in its direct-to-consumer businesses. With a strong focus on innovation and customer satisfaction, Vision aims to provide high-quality healthcare products and services to its customers. The company's mission is to become a leading player in the European consumer healthcare market, and it is well-positioned to take advantage of the growing demand for preventive health solutions and direct-to-consumer experiences.

Ent. Value

€300–700M

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

10x–18x

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2020
€100–200M
€10–30M
[members only]
2019
€100–200M
€10–30M
[members only]

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REFERENCES

Valuation range: EV €300–700M

Revenue range: €100–200M

EBITDA range: €10–30M

EV/Revenue range: 1x - 3x

EV/EBITDA range: 10x - 18x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Vision Healthcare by Avista Capital Partners 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.

Target: vision healthcare

FAQ

What transaction does this page cover?

This page covers the acquisition of a majority stake in Vision Healthcare, a Belgian company specialised in Nutrition & Dietary Supplements, by Avista Capital Partners in 2020, structured as a leveraged buyout (LBO).

How was the acquisition of Vision Healthcare by Avista Capital Partners valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €300–700M band, its EV/EBITDA multiple within the 10x - 18x range, and its EV/revenue multiple within the 1x - 3x range. Exact figures are available to members.

What were Vision Healthcare’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Vision Healthcare generated annual revenue estimated in the €100–200M range and EBITDA in the €10–30M bracket (FY 2020). Detailed financial figures are available to members.

What sources support the information on this transaction?

Data on this transaction was compiled from the official corporate announcement published by the parties, combined with independent reporting from specialized financial and M&A publications.

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