CompuGroup: CVC Bids with 51% Premium for German Healthcare Software Provider
Deal News | Dec 09, 2024 | Zawya
CVC Capital Partners has made a strategic offer to acquire CompuGroup Medical, a healthcare software provider based in Koblenz, Germany. The proposed acquisition values the company at a striking 1.14 billion euros, equivalent to 22 euros per share, signifying a 51% premium over the average share price for the past three months. CompuGroup's share price climbed by 30% following the announcement, marking a significant recovery from its previous lows. The deal requires regulatory clearance and involves a minimum acceptance threshold of 17%. This acquisition also introduces a strategic partnership that will permit the Gotthardt family, which founded CompuGroup, to maintain a 50.1% share in the company. Despite suffering a drop in share value earlier in the year, due to slashed fiscal guidance and falling to a decade-low, CompuGroup reported a Q3 revenue of 283.4 million euros. This transaction reflects potential stability and long-term strategic growth for CompuGroup, coupled with confidence from CVC Capital Partners in the firm's capacity for turnaround.
Sectors
- Healthcare Software
- Private Equity
- Investment and M&A
Geography
- Germany – CompuGroup Medical, the target company, is based in Koblenz, Germany.
Industry
- Healthcare Software – The article focuses on CompuGroup Medical, a company that provides software solutions for the healthcare sector.
- Private Equity – CVC Capital Partners, a private equity firm, is involved as the bidder in the acquisition.
- Investment and M&A – The article discusses an acquisition bid, highlighting a significant M&A activity.
Financials
- 1.14 billion euros – Valuation of CompuGroup Medical as per the acquisition offer by CVC Capital Partners.
- 22 euros per share – Offer price per share by CVC, representing a 51% premium over the average share price.
- 283.4 million euros – Revenue reported by CompuGroup Medical in the third quarter.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CompuGroup Medical | Target Company | Company | German healthcare software provider involved in the acquisition offer by CVC Capital Partners. |
| CVC Capital Partners | Bidding Company | Company | Private equity firm making the offer to acquire CompuGroup Medical. |
| Gotthardt Family | Founding Family | People | Founders of CompuGroup Medical who will retain a stake in the company post-acquisition. |