Maj Invest exits Medicom IP in trade sale

For Maj Invest, the exit comes nine years after it carved out the medical devices division of Danish high-end electronics maker Bang & Olufsen in 2007.

The deal sees Maj Invest realise the investment made through its 2007-vintage DKK 682m LD Equity 3 buyout vehicle. According to unquote" data, the GP's carve-out of Medicom had an EV of €7.5m.

Company
Headquartered in Struer, Medicom Innovation Partner is a developer of drug delivery devices and connected health services.

The company focuses on low-volume production of devices for high-value rare disease treatments and the orphan drug market.

Founded in 1989 as part of Bang & Olufsen, the company became a stand-alone entity in 2007. It employs a staff of 90 and had EBITDA of DKK 39.5m from DKK 125m of net revenue in 2014, according to publicly available figures.

People
Maj Invest Equity – Mads Andersen (partner).

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• Trade sale