Synerlab has raised an additional EUR160 million in debt from its current partner ICG and Goldman Sachs.
21 Centrale Partners took over Synerlab in December 2013, with the support of Ardian, to create a pan-European CDMO (Contract Development and Manufacturing Organisation).
Over the past four years, Synerlab Group’s sales have grown by 30 per cent.
The new debt financing comprises several lines, giving the Group the means to refinance its current debt, finance its future investments and continue its external growth strategy, in particular through two strategic acquisitions abroad, which could be finalised in the coming months.
Gérard Pluvinet, Chairman of 21 Centrale Partners, says: “This operation strengthens the growth project we are pursuing with Synerlab and its teams. The Group, which has undergone major transformations in the recent years, will be able to accelerate its European development, following a successful first acquisition in Spain at the end of 2015.”
Pierre Banzet, CEO of Synerlab adds: “With 21 Centrale Partners and Ardian, for several years we have undertaken a new stage in our development both in France and internationally. The refinancing will provide us with additional means to pursue our ambitions.”
