Transaction Reports Almaviva Gimv, UI Gestion acquire Almaviva
Gimv and the Gimv Health & Care Fund are jointly investing EUR 40 million in Almaviva Santé, a group of seven private clinics in southern France. French investment company UI Gestion is matching Gimv’s investment, so that they are jointly acquiring a majority interest. The investment amount mentioned includes current acquisition of Almaviva Santé as well as future commitments by both investors to finance the further growth of the hospital group.
Almaviva was established in 2007 by CEO Bruno Marie. Thanks to a highly-driven, well-thought-out acquisition strategy, Almaviva has now grown into a group of seven private clinics with a strong local presence and an excellent reputation in certain
surgical fields such as orthopaedics, ophthalmology, cardiology and gastroenterology.
This is the first deal for the Health & Care Fund, launched by Gimv at the beginning of 2013 with the Flemish Government as co-sponsor. Health & Care, one of the pillars of the Gimv platform strategy, responds to several major trends in the health sector that represent a huge challenge for our society. The fund gives Gimv the critical mass and fire power to invest in growth companies in the Health & Care Services and Medtech sectors in Belgium, the Netherlands, France and Germany to boost the development of innovative care concepts and the internationalisation of successful business models. The first formal closing of the Fund is foreseen in the first quarter of 2014 with the ambition to raise EUR 200 million.
Gimv, UI Gestion acquire Almaviva
Commercial due diligence provider (seller):
Risk & insurance due diligence provider:
Financial advisor to the vendor:
Legal advisor to the vendor: Financial due diligence provider:
Commercial due diligence provider (equity provider): Lubomir Mortchev Jean-Guillaume Bayada
Legal advisor to the debt provider:
diligence provider (equity provider):
Debt providers: Financial due
Legal advisor to the purchaser:
BIBA Apparels
Warburg Pincus and Faering Capital invest in BIBA Apparels
Warburg Pincus and Faering Capital have invested approximately INR 300 crores in BIBA Apparels Pvt. Ltd., one of the largest and fastest growing companies in the women and girls’ ethnic wear market in India. The investment includes a primary fundraise and provides an exit to the existing investor, Future Lifestyle Fashions Ltd. The transaction is the largest ever private equity investment in the Indian ethnic wear market.
Established in 1986, BIBA Apparels has grown into one of the largest organized women and girls’ ethnic wear manufacturers in India with over 330 points of presence across exclusive brand outlets, shop in shops and leading e-commerce portals across the country.
This investment will enable the company to evolve into a ‘Fashion House’ catering to all ethnic wear requirements of women and girls across income levels in India and abroad. It plans to expand its distribution network and strengthen its presence in the higher-end fashion category through new product launches and JVs with acclaimed designers. It also plans to launch a value brand to enhance its presence at lower price points.
Speaking on the occasion, Mr. Siddharath Bindra, Managing Director, BIBA, said, “I am very happy to be able to provide a healthy exit to Future Lifestyle Fashions Limited, who has been an excellent partner to the company so far. I am also very excited to now have as partners Warburg Pincus and Faering Capital, as we scale up BIBA to the next level.”
Warburg Pincus and Faering Capital invest in Biba Apparels
Legal advisor to Biba Apparels:
Legal advisor to Warburg Pincus:
Legal advisor to Faering Capital:
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