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Announced

Completed

Sagard-backed Sterimed completed the acquisition of Amcor’s European hospital packaging business for £123m.

Financials

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Transaction Value£123m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales3x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Majority

Completed

Cross Border

Spain

Germany

hospital packaging

Acquisition

France

Single Bidder

Friendly

Medical Supplies

Containers and Packaging

Synopsis

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Sagard-backed Sterimed, which specializes in the supply of sterilization packaging solutions to hospitals, completed the acquisition of the European hospital packaging business of Amcor, a UK-domiciled packaging company, for £123m. "I am delighted that the SPS, Pergut and Bromeda teams will be joining the Sterimed family. The business has a long-term entrepreneuria DNA that has produced tremendous results since its foundation. The business has a very solic position and reputation. I am sure that teamwork, cross-fertilization and complementarity of ou respective businesses will generate great synergies in the future and I am looking forward to bein able to warmly welcome our more than 150 new colleagues when we will be able to complete th acquisition," Thibaut Hyvernat, Sterimed President and CEO.

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