Pharmavize sold majority stake to Mentha Capital

Health care
Belgium, Netherlands
Sell side, Cross border, Financial engineering

MP Corporate Finance acted as the exclusive financial advisor to Pharmavize’s owners, in the sale of a majority stake in Pharmavize NV, a Belgium-based pharmaceutical CDMO, to Mentha Capital, a Dutch financial investor, in order to pursue a Buy-&-Build strategy.

As part of its efforts to further concentrate on its growth as high-quality provider of contract development and manufacturing as well as regulatory services to the pharmaceutical industry, Pharmavize’s shareholders agreed to sell a majority to Dutch private equity firm Mentha Capital.

Pharmavize provides the highest possible standard of CMC development services to a broad customer base from emerging bio-tech to tier-one pharmaceutical companies. Pharmavize is a contractor specialized in the development and manufacturing of early phase clinical studies and is operating a well-respected regulatory & compliance consultancy department. The company is serving a broad customer base from emerging bio-tech to tier-one pharmaceutical companies from all over the world, including Europe, the United States and Japan.

The participation of Mentha Capital adds to Pharmavize a strong and entrepreneurial partner to successfully further develop and internationalize the business and support Pharmavize on its growth path through a structured Buy-&-Build strategy.

EN Electronic Network sold to Asteelflash

Belgium, France, Germany
Sell side, Cross border

MP Corporate Finance acted as exclusive financial advisor to the shareholders of EN ElectronicNetwork AG, the 2nd largest German EMS provider, in the sale to French AsteelFlash SA.

EN is the second largest independent German EMS provider and covers the entire value chain of electronic manufacturing services from design and production to after-sales services with 7 sites in Germany, the Czech Republic and Romania. Based in Bad Hersfeld, the company employs around 700 staff and had revenues of approximately € 150 million in 2011. Asteelflash Group SA is the second largest European EMS provider generating revenues of € 590 million with more than 5,700 employees in 2011. The company acts globally, running 25 sites in Europe, Asia, Africa and Northern America.

The combination will exploit significant operating synergies, including client portfolio coverage, the access to new regional market accounts and expansion of activities in segments already well catered for by one party, such as Industrial, Defense and Aerospace, Medical and Automotive.The acquisition will significantly enhance Asteelflash’s existing capabilities in electronic manufacturing and PCBA assembly services with the support of more than 30.000m² of manufacturing space. Asteelflash provides EN customers the possibility to access a fully global organization while the coverage of international and regional accounts will continuously be extended. The acquisition marks one further step for Asteelflash towards the self-set goal of being the number one in the European EMS industry.