Dutch healthcare firm Mediq put up for sale in potential $1.4 billion deal: sources

FRANKFURT (Reuters) – Dutch medical supplier Mediq has been put up for sale by its private equity owner Advent in a potential 1.2 billion euro ($1.4 billion) deal, sources close to the matter said.

Advent, which is working with Rothschild ROTH.PA and HSBC HSBA.L on the sale, has organised management meetings for prospective buyers, which have been asked to hand in non-binding bids in the first week of November, they said.

Buyout groups such as CVC, Bain, BC Partners, Triton and Pamplona are expected to bid, they added.

Mediq, Advent, the banks and the prospective buyers declined to comment or were not immediately available for comment.

The firm is being marketed off full-year earnings before interest, tax, depreciation and amortization (EBITDA) of about 90 million euros, though some potential bidders are working with assumptions of core earnings closer to 70 million euros, the sources said.

Mediq, which supplies pharmaceuticals and

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Dutch Home Prices Jump Again

(Bloomberg) — Dutch home prices jumped in the third quarter as a shortage of properties enabled the market to shrug off an economic contraction.

a close up of a street in front of a brick building: Plant pots and flowers stand outside residential property in Maarsen, Netherlands.

© Bloomberg
Plant pots and flowers stand outside residential property in Maarsen, Netherlands.

The median-weighted transaction price climbed 11.6% on an annual basis to 354,000 euros ($416,000), realtors association NVM reported on Thursday. In Amsterdam, the country’s biggest city, there was an 8% increase.

“Consumers hardly have anything to choose from any more,” NVM Chairman Onno Hoes said in a statement. “The housing market really needs more supply to keep housing affordable for a large number of people.”

The property market is one of the few areas of the economy that’s holding up as the pandemic takes its toll on numerous industries. While ABN Amro Bank NV and Rabobank Group don’t expect real estate prices to rise further next year, they have become more optimistic about

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