What did Enovis Corporation pay for LimaCorporate S.p.A.?

Enovis Corporation acquired LimaCorporate S.p.A. for $847.0M in 2023 (11.7x EBITDA), equivalent to 2.90x revenue. Target revenue was approximately $295.0M. Target EBITDA was approximately $72.5M.

What does LimaCorporate S.p.A. do?

LimaCorporate S.p.A. is a medical devices business.

What multiple did Enovis Corporation pay for LimaCorporate S.p.A.?

11.7x EBITDA and 2.90x revenue, based on disclosed deal value of $847.0M and disclosed financials.

M&A TRANSACTION · 2023

LimaCorporate S.p.A. acquired by Enovis Corporation

$847.0M· 11.7x EBITDA· 2.90x revenue

Target

LimaCorporate S.p.A.

Acquirer

Enovis Corporation

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$295.0M

EBITDA

$72.5M

Deal Value

$847.0M

EV/EBITDA

11.7x

Context

This $847.0M acquisition of LimaCorporate S.p.A. by Enovis Corporation sits in the medical devices sub-vertical. The 11.7x EBITDA multiple paid in 2023 can be compared against the population median for medical devices transactions of similar size on our Medical Devices valuation hub. Enovis Corporation is acquiring as a strategic buyer; see how strategic acquirers typically price medical devices businesses on our Medical Devices strategic buyer-pool page.

Source

Data sourced from Press releases. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

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Citation: ExitValue.ai. (2023). LimaCorporate S.p.A. acquired by Enovis Corporation. https://exitvalue.ai/deals/limacorporate-spa-acquired-by-enovis-corporation-hc-2023-0040