Corpfin's Palex bolts on Taper and Cymit

Alongside Taper, Palex also acquired a controlling stake in Cymit Química, an online trading platform for chemical reagents and bio-research.

Following the acquisition, Palex will raise its headcount above 400 and have several operational locations across Barcelona, Madrid and Lisbon.

In 2015, Palex generated €106.7m in revenues, an 8% increase on the previous year, according to unquote" sister publication Mergermarket.

Previous funding
Spanish buyout house Corpfin Capital acquired a 60% stake in Palex in July 2016. The GP acquired the business from the founding Knuth family, which retained a 40% stake in the business.

Company
Founded in 1989, Taper specialises in the supply of scientific, laboratory and medical surgery equipment, alongside other hospital products. In 2004, the Madrid-headquartered business expanded into Portugal.

The company has 326 employees and generated €44.2m in revenues in 2015, according to publicly available documents.

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

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