Ardian arranges a unitranche financing to support RESONANCE IMAGERIE’s growth
Press release
Ardian arranges a unitranche financing to support RESONANCE IMAGERIE’s growth
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20 July 2022
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Private Credit
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France, Paris
6 minutes de lecture
RESONANCE IMAGERIE is a medical imaging group comprised of 40 doctors. It manages 23 units of advanced imaging equipment (MRIs and scanners) at 15 sites in Paris, the Ile-de-France region (Val d'Oise, Yvelines, Seine et Marne) and in Centre-Val-de-Loire (Chartres, Orléans). The group has experienced strong growth since 2011, notably through acquisitions.
The purpose of this new financing is to complete three new acquisitions, which will bring in 17 new MRIs and scanners. It will also help accelerate the external growth strategy carried out by RESONANCE IMAGERIE in a quickly consolidating market.
RESONANCE IMAGERIE differentiates itself thanks to an emphasis on the medical strategy, with a consolidation approach based on a “by doctors, for doctors” philosophy. With this new financing, mainly structured around a unitranche debt arranged by the Private Debt team at Ardian, the structure remains almost exclusively owned by the doctors. This unique approach of an integrated group with a medical shareholding and solid financial resources should allow RESONANCE IMAGERIE to accelerate its buy and build strategy.
”We are delighted to have top-tier partners such as Andera MidCap, Ardian and Five Arrows Debt Partners on board to help us finance the acquisition of medical imaging centers. We offer an innovative alternative that many radiologists are interested in, with a focused approach on the medical project, management by young, highly committed doctors (which gives the team long-term visibility) and financial resources adapted to the consolidation of the sector.” Radiology Doctors, Imaging Resonance Directors
”We are thrilled to support the ambitious development project of RESONANCE IMAGERIE, led by its managing radiologists. Their strong commitment immediately convinced us. We are certain that the tailor-made and flexible financing we are providing, which includes a significant confirmed acquisition line, will enable them to actively pursue the ongoing consolidation of the sector.” Gregory Pernot, Managing Director in the Ardian Private Debt team
PARTIES TO THE TRANSACTION
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RESONANCE IMAGERIE Group
- M&A / financial advisor: Capstone Finance (Thaddée Willart, Louis Meurillon)
- Legal advisor (financial): Gibson Dunn (Amanda Bevan-de Bernede, Arnaud Moulin)
- Legal advisor (M&A): Gibson Dunn (Bertrand Delauney, Clémence Martinez)
- Legal advisor (tax): Gibson Dunn (Jérôme Delaurière)
- Legal advisor (regulatory): A2D Avocats (Alix Domas-Descos, Paul Henry Derreumaux)
- Financial, Tax and social audit: PwC
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Ardian
- Grégory Pernot, Melchior Huet, Hadrien Barnier
- Legal advisor (financial): Willkie Farr & Gallagher (Paul Lombard, Ghita Lorabi, Martin Jouvenot)
ABOUT ARDIAN
Ardian is a world leading private investment house, managing or advising $130bn of assets on behalf of more than 1,300 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. Private Wealth Solutions offers dedicated services and access solutions for private banks, family offices and private institutional investors worldwide. Ardian is majority-owned by its employees and places great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our 900+ employees, spread across 15 offices in Europe, the Americas and Asia, are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility.
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