AXA PE buys Limacorporate stake

Limacorporate's management team, which previously held the majority of the business, will reinvest to hold the remaining 34% stake.

The fresh capital will support the expansion of the firm's products into Australia, France, Germany, Italy, Japan and the UK, as well as entry into new markets. The company also intends to widen its product range.

Company
Founded in 1975 and based in Villanova di San Daniele, Limacorporate focuses on the design, production and distribution of orthopaedic devices. The company is present in 25 countries and has three production facilities in Italy and San Marino. The group has 600 employees and reported an annual turnover of €117m in 2011, 66% of which originated outside of Italy.

People
Nicolò Saidelli is managing director and mid-market enterprise capital team leader in Italy at AXA Private Equity.

Advisers
Equity (AXA Private Equity) – Banca IMI (M&A); Studio Legale Associato Gianni Origoni Grippo (Legal).
Equity (Intesa Sanpaolo) – Banca IMI (M&A); Studio Legale Associato Gianni Origoni Grippo (Legal); Studio Legale Associato d'Urso Gatti e Bianchi (Legal).
Vendors – Latham and Watkins (Legal).

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• Topics
• Southern Europe
• Healthcare
• Buyouts
• Italy
• Axa Private Equity