IFLR1000

Vedici €1 billion acquisition of Vitalia from Blackstone

1/11/2015
Private acquisition
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Completed

1/11/2015

Overview:

  • Vedici, a private healthcare company held by CVC Partners, completed the acquisition of clinic group Vitalia from private equity fund Blackstone, by way of an LBO. 
  • The acquisition was valued in the region of $1 billion. 
  • Following the acquisition the companies re-branded to Elsan, now a major player in the healthcare sector with more than 81 clinics and a turnover of around €1.2 billion.  
  • Financing for the acquisition took the form of a €575 million cove-lite European Senior TLB, as well as the sale and lease back of some of the target's real estate assets. 

John Crabb - Journalist 

Jurisdictions:

United States
France
Luxembourg

Deal type:

Private acquisition

Practice area:

M&A

Industry sector:

Healthcare

Firms:
Clifford Chance

Party: Blackstone (Seller)

Party: Vitalia HoldCo (Target)

Weil Gotshal & Manges

Party: CVC Capital Partners (Shareholder)

Party: Vedici (Acquirer, Borrower)

Lawyer: Olivier Jauffret

White & Case

Party: BNP Paribas (Mandated lead arranger, Bookrunner)

Party: Crédit Agricole Corporate and Investment Bank (Mandated lead arranger, Bookrunner)

Party: Natixis (Mandated lead arranger, Bookrunner)

Party: Société Générale (Mandated lead arranger, Bookrunner)

Lawyers: Denise Diallo, Raphaël Richard, Samir Berlat

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