Precimed Goup (Switzerland) - Nov 2007

BVgroup has exited its stake when US-based Greatbatch Inc acquired Precimed Group, a supplier of technology to the orthopaedic industry. BVgroups’ stake consisted of 11.63% of equity. The transaction originated from an offer made by the acquiring company, resulting in the trade sale.

Previous funding

In September 2005, a syndicate of investors led by BVgroup Private Equity, co-led by Ypsomed Holding AG, and HBM BioVentures/BioCapital alongside co-investor Vinci Capital – Renaissance PME, had invested CHF 34m in Precimed Group to accelerate Precimed’s organic growth and to facilitate selective acquisitions to enhance the company’s product range (November 2005, page 18). In 2006, Precimed Group merged with Carr Metal Products Inc., a manufacturer of sheet metal and thermo-formed plastic trays headquartered in Indianapolis, US. This merger allowed the combined entity to provide a broader array of products and services to its mutual customer base.

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• Topics
• DACH
• Exits
• Healthcare
• Switzerland
• Trade sale