Riverside's Orliman buys Soft Medical Europe

SM Europe will be incorporated into Orliman. The acquisition creates cross-selling opportunities for both businesses.

Previous funding
In 2011, Riverside acquired Orliman via the Riverside Europe Fund IV, which closed on €420m in November 2010. The business was purchased from the Mansergas family, which founded Orliman more than 30 years ago.

At the time of the buyout, Riverside anticipated a buy-and-build strategy for the firm.

Company
SM Europe designs and distributes non-invasive body braces and supports in France. The company has a portfolio of 120 products, which are sold under the Ortheis, KidOrtho, FeetPad and Ezy Wrap brands.

The business was founded around 15 years ago and is based in La Mézière.

People
Riverside partner Trey Vincent, vice presidents Damien Gaudin and Rafael Alvarez-Novoa, and operating executive Juan Rufilanchas worked on the deal.

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• Topics
• France
• Healthcare
• Portfolio management
• France
• Riverside