ArchiMed launchs 70 mln euro takeover of Bomi Italia
Summary
The pan-European private equity healthcare specialist’s approximately €70 million bid has the support of Bomi Group’s founding family and other shareholders controlling some 70 percent of the quoted firm. March 1, 2019 – ArchiMed’s bid for Medtech and Pharma services provider Bomi Group is subject to a number of conditions, notably that 90 percent of all shares be tendered (the threshold for delisting the firm), but it already has the support of all major shareholders of record. If the bid is successful, Bomi Group’s management team and Chief Executive, Marco Ruini, will remain in office, with the latter reinvesting more than 40% of his proceeds from the sale back into the company for a 5 percent stake. “In addition to its sector expertise and industry networks, ArchiMed intends to make significant investments, allowing Bomi Group to expand more rapidly, both organically and through acquisitions. The entry of such a strong and specialized stakeholder represents clear added value when it comes to the fulfilment of our ambitious growth targets,” says Bomi Group Chief Executive Marco Ruini.