Mir Capital buys Lima Corporate stake

The GP joins Ardian (formerly Axa Private Equity) and IMI in the company's shareholding, with IMI retaining a stake in the firm.

Mir Capital is the joint private equity venture between Gazprombank and Intesa Sanpaolo, established to back medium-sized Italian and Russian companies and strengthen industrial and commercial ties between the two countries. The fund is able to invest up to €300m.

Mir launched in July 2012 and completed its maiden investment in June this year with the acquisition of a non-controlling stake in Russian oil and gas solutions firm Packer Service Group.

Ardian (then Axa Private Equity) and banking group IMI acquired a 66% stake in Lima Corporate in 2012.

Company
Founded in 1975 and based in Villanova di San Daniele, Lima Corporate focuses on the design, production and distribution of orthopaedic devices.The company operates in 25 countries; it retails in Italy and through 15 international branches. Lima has three production facilities in Italy and San Marino.

The group has 600 employees and reported an annual turnover of €117m in 2011, 66% of which originated outside of Italy.

People
Antonio Fallico of Intesa Sanpaolo is the head of Mir Capital.

Advisers
Equity - Linklaters (Legal). 

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• Topics
• Southern Europe
• Healthcare
• Expansion
• Italy