January 22, 2021
Translink Corporate Finance advised Diploma PLC, a UK listed international group of companies supplying specialized technical products and services. Diploma operates globally within three sectors: Life Sciences (Healthcare), Seals, and Controls. In Healthcare Diploma has 7 companies with a total revenue of approx. 175 mill. € with an adjusted operating profit above 20%.
With the acquisition of 100% of the more than 200 year old company, Simonsen & Weel, A/S, Diploma Healthcare acquires one of the leading distributors in Denmark and Sweden within:
Critical MedTech products for hospital trauma, operating room, and intensive care units.
Medical nutrition for the primary care/home care sector, funded by the government. The transaction was closed on January 4th, 2021.
Simonsen & Weel has grown significantly over the last couple of years, especially in intensive care. The company is expecting to continue this growth in Denmark, but also in Sweden through a newly acquired subsidiary.
Translink undertook a market search for target companies on behalf of Diploma in 2019, and out of the ten identified candidates on the Danish market, Diploma decided to take a closer look at four. S&W met all of Diploma’s search criteria, and negotiations commenced. This resulted in a transaction at the end of 2020.
Brett Valliant, Corporate development director, Diploma Healthcare Group :
“We would like to thank Translink Denmark for facilitating the Healthcare Group’s entry into Northern Europe. Henrik Schrøder was instrumental throughout all stages of the deal, providing us with an essential link to S&W ownership, particularly at a time where travel has been inhibited by the pandemic. We extend our thanks to Translink Corporate Finance and look forward to many years of continued growth in the region.”
Henrik Schrøder, Translink Partner Denmark :
“We are proud to having worked with Diploma Healthcare on this transaction. Simonsen & Weel is the perfect step for Diploma into the Danish market and a great platform for further growth.”
Niklas Wilhelmsson, Director Sweden :
“Following an extensive search in the Nordics and meetings with many highly qualified targets, Diploma selected Simonsen & Weel. Translink Corporate Finance has shown its ability to gauge interest from med-tech companies throughout the region.”
Stuart Hands, Partner UK :
“A thorough search for candidates was undertaken in Scandinavia that paid off for Diploma and we congratulate them. This transaction demonstrates our ability to assist and complete complex cross border deals despite covid19 making the transaction process much more difficult than anyone anticipated.”
Contact our Team Members advising in this transaction:
Translink Corporate Finance Denmark / Schrøder Translink, based in Copenhagen, is one of the leading M&A advisors in the Danish M&A market (SME segment). The 3 senior partners combined have participated in more than 200 transactions, many of which have been cross-boundary transactions. Before entering the M&A industry, all three partners have gained solid management experience, and in combination they possess deep industry insights across a number of industries.
Translink UK is an active and very experienced M&A advisor comprising over 20 individuals across four locations. They work extensively on cross border transactions across a number of sectors. A breadth and depth of experience including industrial positions and within private equity underpins a real focus on client outcomes and drives the effective and practical delivery of corporate transactions.