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Case studyIbérica Partners
Medical devices · cross-border carve-out
Specialty medical-device unit carved out of a larger group. Sold to a sector-focused strategic in a 12-week sprint.
Firm Ibérica Partners
Location Madrid
Sector Medical devices
The result
EUR 132M
EV
14.4× EBITDA
Multiple
8
Bidders
12 weeks
Process length
Challenge
Nómada Healthcare's specialty-device unit was carved out from a larger Iberian healthcare group. The seller targeted strategics with European regulatory pathways and existing hospital distribution.
Outcome
Dealflou ran the gated marketplace for the carve-out · 8 strategics surfaced an IOI, 5 progressed to LOI. The eventual buyer's offer included a 24-month earn-out structure that the cross-check finding helped justify against the precedent-transactions band.
EUR 132M EV · 14.4× EBITDA · 8 bidders · 12 weeks
By the numbers
EUR 132M
EV
14.4× EBITDA
Multiple
8
Bidders
12 weeks
Process length
6
NDAs executed
5
Round-2 LOIs
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