Corpfin buys 60% stake in Palex

Corpfin acquired the majority stake from the founding Knuth family, which will retain a 40% stake in the business. Financial details for the transaction had not been disclosed at the time of publication.

As part of the deal, the GP will nominate four representatives to the company's board, while the funding family will continue to lead the business.

The company aims to use the fresh capital to pursue strategic acquisitions and boost its expansion by targeting new segments of the market.

Company
Founded in 1955 and headquartered in Barcelona, Palex manufactures machinery for the medicine and surgery sectors, distributed across the Iberian market.

The company generated €107m in revenues in 2015 and employs a staff of 300.

People
Corpfin Capital – Carlos Lavilla (managing partner).
Palex Medical – Juan Knuth Schultheis (chair).

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• Topics
• Buyouts
• Healthcare
• Southern Europe
• Spain
• Corpfin Capital