Transaction date

September 2018

Sector

Medtech

Transaction type

Owner Buyout

Countries

Switzerland, France

SMC Corporate Finance advised the owners in an “Owner’s Buyout” on the sale to Initiative Finance and Capital Transmission.

The company is a leading manufacturer of customised sterilisation containers and trays for the orthopaedic industry, based in Courtelary in western Switzerland, and exports over 70% of its turnover.

Both founders want to prepare their succession in the medium term after having built up the company for over 10 years with no external funding. The current transaction should allow the company to further strengthen its position in Europe, develop new products for other medical markets and expand its presence in the US market. Growth will be achieved through both organic measures and targeted acquisitions.

Initiative & Finance, a leading French private equity fund, and Capital Transmission, a fund belonging to the Geneva Cantonal Bank Group, have together acquired a majority stake in Holding Inomed Group SA through an MBO.

“The stake acquired by Initiative & Finance and Capital Transmission marks a new structural phase for us. In Initiative & Finance and Capital Transmission, we have found financial partners who are fully in line with our strategic vision and able to advise on our succession plan,” said Pierre-Louis Beaud (CEO).

The transaction was further financed by an acquisition loan from Credit Suisse.

SMC acted as the exclusive sell-side advisor to the shareholders.

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