8th November 2019

Key Atheneum Experts
Managing Director – Global Switch
CEO & Founder – PAIX Data Centres
CEO – Xtravirt LTD
Key Information
Data Centre and IT Services
HQ – UK
Operations – Europe
Pulsant is exploring a sale process run by Jeffries. The UK based company generates EBITDA somewhere between £25-30m and it is expected that a valuation could be in excess of £250m. The sale process has just started and is likely to be finished by Q4.

Key Atheneum Experts
Former Member of the Supervisory Board – d&b Audiotechnik
Former Senior Strategic Advisor – d&b Audiotechnik
Former VP Audio Solution Sales EMEA – Sennheiser
Key Information
Audio Solutions
HQ – Germany
Operations – Europe
Ardian is currently sourcing an adviser for the sale of d&b Audiotechnik in a deal that could value the target at more than €600m. The company could book roughly €45 – 50m in EBITDA this year.

Key Atheneum Experts
Former Associate Director Regulatory Affairs CMC – Covis Pharma
General Manager – Norgine
Former Head of Market Access – Norgine
Key Information
Pharmaceutical Company
HQ – Netherlands
Operations – Global
Cerberus Capital has retained an adviser to gauge a potential sale of Covis, which could be valued around €800m. The company has attracted the attention of other PE firms in recent years, and a formal sale process is anticipated to begin shortly.
.

Key Atheneum Experts
Former Markting Director – Flint Group
Former Vice President Sheetfed & Global Strategy – Flint Group
Former Business Development Manager – Flint Group
Key Information
Flexible Packaging
HQ – Luxembourg
Operations – Europe
Sponsors Goldman Sachs and Koch Industries are looking at a disposal of Flint (Colour Oz’s best asset) to try and deal with their approaching maturities. The packaging division account of around 85% of Flint’s €315m EBITDA, and could fetch an 8x valuation.

Key Atheneum Experts
Former Head of Business Division – Agfa Healthcare
Former Country Solution Manager – Switzerland & Luxembourg – Agfa Healthcare
Former Delivery Director, Hospital & Clinical Information Systems (HCIS) – Agfa Healthcare
Key Information
Healthcare IT Division
HQ – Belgium
Operations – Europe
Afga-Gevaert has collected first round bids for around half of the IT division. The parts for sale comprise the Hospital IT and integrated Care solutions and imaging IT business. The assets being sold generate roughly €50m of EBITDA. It is reported that many trade and sponsors are looking at the asset.

Key Atheneum Experts
Former Chief Sales Officer – Waterlogic International 2016-2018
Group Marketing Director – Waterlogic 2007-2016
Former Group Chief Commercial Officer – Eden Springs
Key Information
Water Dispenser
HQ – United Kingdom
Operations – UK
Waterlogic Sponsor Castik Capital has hired Goldman Sachs to consider strategic options including a sale. The UK based designer, manufactuer, distributor and service provider of purified drinking water could fetch a valuation of £2bn.