Equistone buys Sunrise Medical Mobility from Vestar

The transaction is expected to be completed by year-end. It is currenly subject to approval by regulatory authorities.

Commerzbank, IKB, NIBC, NordLB, KfW and Raiffeisenbank International provided debt for the transaction.

Sunrise Medical was taken private by Vestar and Park Avenue Equity Partners in December 2000. Since then, the company has spun out three divisions.

Company
Sunrise Medical Mobility is a manufacturer and distributor of manual and powered wheelchairs and seating systems. The company is headquartered in Malsch, Germany, and Fresno, US. It operates production facilities in the US, Mexico, Germany, the UK, Spain and China. Its product range includes the brands Quikie, Sopur, Zippie, Breezy, Sterling and Jay.

Sunrise Medical Mobility employs 1,600 staff worldwide and markets its products in 130 countries. Around 45% of the company's sales are generated in the US and Canada.

People
Managing director Dirk Schekerka led the deal on behalf of Equistone Germany. He was supported by Marc Arens and Alexis Milkovic. CEO Dan O'Connell represented Vestar. Thomas Rossnagel is CEO of Sunrise Medical Mobility.

Advisers
Equity – Hauck & Aufhaeser (Corporate finance); P+P Pöllath + Partners (Legal); Thompson Hine (Legal); Ashurst (Debt advisory); KPMG (Tax), NautaDutilh (Legal); Houthoff Buruma (Legal).
Vendor – Rothschild (Corporate finance); Simpson Thacher & Bartlett (Legal); Deloitte (Tax).
 

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• Topics
• DACH
• Buyouts
• Healthcare
• Germany
• Equistone Partners Europe
• United States
• P+P Pöllath + Partners