MIAC Sold to Siena Imaging in Strategic Acquisition
Deal News | Jan 23, 2025 | Legal Community Swiss
Italian startup Siena Imaging has completed its acquisition of MIAC, a Swiss clinical research firm previously associated with the Universittsspital Basel. MIAC is recognized for its significant contributions to clinical research, focusing on radiological evaluations, new examination methods validation, and data-management, with a strong emphasis on neuro-radiology and degenerative diseases such as multiple sclerosis. Burckhardt, a law firm specialized in M&A among other areas, advised the selling MIAC shareholders on the transaction, ensuring compliance with Swiss legal standards. The Burckhardt team focused on the deal included Mark Eichner, Alain Schmid, and Michael Giacomazzi-Weissen. Siena Imaging's acquisition was advised by PwC, marking a strategic move to enhance its clinical research capabilities.
Sectors
- Clinical Research
- Legal Services
- Mergers and Acquisitions
Geography
- Switzerland – MIAC, the target company in the acquisition, is based in Switzerland, and the legal advisory team Burckhardt is also located there.
- Italy – Siena Imaging, the company acquiring MIAC, is based in Italy.
Industry
- Clinical Research – MIAC operates in the clinical research industry, conducting radiological evaluations and validation of examination methods, especially concerning neuro-radiology and multiple sclerosis.
- Legal Services – Burckhardt, the law firm advising on the deal, operates in the legal services sector, specifically in data protection, contract law, art law, and M&A.
- Mergers and Acquisitions – This transaction involves M&A activities as Siena Imaging acquires MIAC, with legal advisement provided by Burckhardt.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| MIAC | Target | Company | A Swiss clinical research company known for its work in radiological evaluations and neuro-radiology, particularly in the field of multiple sclerosis. |
| Siena Imaging | Buyer | Company | An Italian startup focused on enhancing its capabilities in clinical research through strategic acquisitions. |
| Burckhardt | Legal Advisor to Seller | Company | A Swiss law firm that provided legal advisory services on the M&A transaction from the sellers' side. |
| PwC | Advisor to Buyer | Company | A professional services firm advising Siena Imaging on the acquisition of MIAC. |