Synova Capital acquires TAG Medical
Synova Capital's portfolio company dbg, service and product provider to the dental sector, has acquired medical equipment firm TAG Medical.
The deal was motivated by the opportunity for strategic synergies. The Co-operative Bank provided additional loan facilities for the acquisition.
Company
TAG Medical is a Nottingham-based provider of surgical equipment. It also offers testing and calibration of equipment throughout the UK. The company is ISO 9001 quality approved. Its customer base consists of approximately 2,500 GPs, hospitals and pharmacies.
People
David Menton, managing partners at Synova and director of dgb, led the deal on behalf of Synova. John Rochford is CEO of dgb.
Advisers
Company – CIL, Alex Marshall (Commercial due diligence); Ernst & Young, Cary Wilson (Financial due diligence); Pinsent Masons, Peter Wood (Legal).
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