Deenova's Transition to Equiter Infrastructure Marks a Strategic Partnership

Deal News | Nov 21, 2024 | Finance Community IT - 3 Private Equity

Deenova's Transition to Equiter Infrastructure Marks a Strategic Partnership

H.I.G. Capital has finalized an agreement to sell Deenova, a prominent Italian provider of advanced automation and traceability services for hospital medications and medical devices, to Equiter Infrastructure II. This acquisition is supported by Ersel Asset Management SGR, Amundi Private Equity Italia, and Deenova's founder, Sergio Giglio. Deenova, operational since 2004, integrates cutting-edge systems in hospitals across Europe, enhancing patient safety, reducing costs, and optimizing processes. Advisors for the transaction included William Blair as financial advisor for Deenova, with Eversheds Sutherland providing legal counsel, and EY conducting financial due diligence. Meanwhile, Deloitte advised Equiter Infrastructure financially and fiscally, with White & Case serving as legal counsel. Over the years, Deenova expanded its European presence under H.I.G.'s backing and is now poised for further growth with its new partners.

Sectors

  • Healthcare Technology
  • Private Equity
  • Financial Advisory

Geography

  • Italy – Deenova is an Italian company, and several firms involved in the transaction, including advisors, are based or operate in Italy.
  • Europe – Deenova has a significant presence in European countries, and the private equity firms involved operate internationally, highlighting a wider European focus.

Industry

  • Healthcare Technology – Deenova operates within the healthcare technology sector by providing automation and traceability solutions for medications and medical devices in hospitals.
  • Private Equity – The transaction involves multiple private equity firms, including H.I.G. Capital, Equiter Infrastructure, and Amundi Private Equity Italia.
  • Financial Advisory – Advisory firms played a critical role in the transaction, providing financial, legal, and due diligence services.

Financials

    Participants

    NameRoleTypeDescription
    DeenovaTarget companyCompanyAn Italian company providing automation and traceability services for medications and medical devices in hospitals.
    H.I.G. CapitalSelling companyCompanyAn international private equity investment firm that sold its portfolio company Deenova.
    Equiter Infrastructure IIBidding companyCompanyThe fund acquiring Deenova, managed by Ersel Asset Management SGR.
    Amundi Private Equity ItaliaMinority investorCompanyA private equity firm partnering in the acquisition with a minority stake.
    Sergio GiglioPartnerPersonFounder of Deenova and a partner in the acquisition deal.
    William BlairFinancial advisorCompanyProvided financial advisory services to Deenova in the transaction.
    Eversheds SutherlandLegal advisorCompanyServed as legal advisor for Deenova during the deal.
    EYFinancial due diligenceCompanyConducted financial due diligence for the Deenova transaction.
    DeloitteFinancial and tax advisorCompanyAdvised Equiter Infrastructure in financial and fiscal matters.
    White & CaseLegal advisorCompanyProvided legal advisory services to Equiter Infrastructure.
    Crea Avvocati AssociatiLegal advisorCompanyAssisted Sergio Giglio with legal matters in the transaction.