Eurazeo PME-backed In'Tech acquires Bradshaw Medical
Eurazeo PME, Eurazeo's small- and mid-cap investment arm, has reinvested $21.1m in France-based medical device manufacturer In'Tech Medical to support the acquisition of US-based Bradshaw Medical.
According to the company, the transaction is expected to double In'Tech's local presence in the US. It projects a turnover of €100m in 2018, of which 50% will be generated in the US by the local subsidiaries.
In'Tech shareholders include Eurazeo PME, Andera Partners and Societe Generale Capital Partenaires.
Previous funding
TCR Capital acquired a stake in In'Tech, alongside Arkéa Capital, in October 2012. The company's founders and management also took part in the transaction.
Eurazeo PME then acquired an 80% stake in the healthcare equipment group for an estimated €78m in June 2017. The EV was believed to exceed the €100m mark.
Company
Founded in 2006 and headquartered in Kenosha, Wisconsin, Bradshaw Medical designs and develops surgical devices. It reported annual sales of $30m in 2017.
Founded in 1999, In'Tech is a manufacturer of orthopaedic surgical instruments and implants. The company focuses on the knee, shoulder, hip and spinal surgery markets. It employs a staff of 800.
People
Eurazeo PME – Emmanuel Laillier (managing director).
In'Tech Medical – Laurent Pruvost (president).
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