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BC Partners to acquire Aenova Group from Bridgepoint

Aenova logo

Hamburg/Munich, August 6, 2012 – Funds advised by BC Partners (“BC Partners”) are acquiring the Aenova Group, one of the leading international service providers in the pharmaceuticals and health care industry. A contract to this effect was signed today with the previous majority shareholder Bridgepoint. The parties have agreed not to disclose the purchase price. The transaction is subject to antitrust clearance.

"As Europe’s leading service provider in the development, manufacture and marketing of pharmaceuticals and dietary supplements for a broad range of customers in the pharmaceuticals and healthcare sector, Aenova is superbly positioned," says Stefan Zuschke, a managing partner at BC Partners. "In addition to continued organic growth, we are also planning further acquisitions to broaden the company’s range and to additionally enhance its competitive position in the international markets." He adds that he is particularly pleased that the management team led by CEO Heiner Hoppmann and CFO/CPO Frank Elsen will remain at the company’s helm.

"During Bridgepoint's ownership Aenova has been transformed by management into one of Europe's leading contract development and manufacturing organisations making it a key partner for many of Europe's leading blue chip pharmaceutical companies. Aenova is well invested and has strong prospects for further growth," said Michael Davy, a partner at Bridgepoint and Chairman of Aenova.

Says Aenova CEO Heiner Hoppmann: "BC Partners is management’s preferred partner as we will be able to continue and expand our proven strategy of customer centricity, quality, innovation and growth."

Bridgepoint first invested in Aenova in 2005.

About Aenova

With revenues of around EUR 250 million, the Aenova Group is one of the leading international service providers in the pharmaceuticals and health care industry. Driven by its high standards of quality, innovative technology and a clear orientation to the future, it has evolved into Europe’s leading operator in the development, manufacture and marketing of pharmaceuticals and dietary supplements. Its range comprises solid dosage forms such as soft and hard capsules, tablets, film-coated tablets, dragées and effervescent tablets. With headquarters in Pähl near Munich, the company has production facilities in five countries (Germany, Switzerland, France, Romania and the United States). Around 1,600 employees contribute to the Company’s success.

About BC Partners

BC Partners is a leading international private equity firm which specializes in large and complex transactions. With local teams in Europe and North America, the company concentrates on advising international market leaders. Working in collaboration with management, it develops these companies with the aim of generating sustained value. Since its establishment in 1986, the funds advised by BC Partners have invested in 79 companies with a total enterprise value of EUR 74 billion. In Germany, BC Partners holds a majority interest in the leading European diagnostics service provider Synlab, which has been expanding sharply over the past few years, and in transformer producer SGB-SMIT.

About Bridgepoint

Bridgepoint is a European private equity firm focussing on the acquisition of companies valued up to €1 billion. With some €11 billion of capital raised to date, it typically focuses on acquiring well managed companies in attractive sectors with the potential to grow organically or through acquisition. Although a generalist investor, Bridgepoint has developed expertise in the business services, consumer, financial services, healthcare, media, and industrial sectors. It has offices throughout Europe in Frankfurt, Istanbul, London, Luxembourg, Madrid, Milan, Paris, and Stockholm as well as a portfolio development office in Shanghai.