M&A

M&A

Zydus to acquire 85.6% stake in French orthopaedics co. Amplitude for Rs.2,400-Cr

BSE Announcement   Business Line   Amplitude Surgical SA  

Publicly-listed, Ahmedabad-headquartered Zydus Lifesciences is to acquire 85.6% stake in Euronext Paris listed, Valence, France-based Amplitude Surgical SA - which offers lower-limb orthopaedic products and solutions for Euro 256.8 million (over INR 2,400 crore) from PAI Partners and Amplitude Surgical’s management, as well as two minority shareholders.Post acquisition, Zydus would file a mandatory simplified cash tender offer for all the remaining shares in Amplitude Surgical, at the same purchase price of Euro 6.25 per Amplitude Surgical share. If the conditions are met at the end of the tender offer, Zydus would acquire the remaining shares from the minority shareholders and delist the Company.Established in 1997, Amplitude specializes in lower-limb orthopaedic products and solutions. Besides France, it has presence in Brazil, Australia, Germany, Switzerland, Belgium, and South Africa. The firm recorded a revenue of Euro 106 million for FY24 (ending June 30, 2024).BNP Paribas is acting as exclusive financial advisor and Darrois Villey Maillot Brochier is acting as legal advisor to Zydus. Rothschild and Cie is acting as exclusive financial advisor and Willkie Farr & Gallagher is acting as legal advisor to PAI Partners.