SWITZERLAND - HBM BioVentures sells Ziemer stake for CHF 7m
HBM BioVentures has sold its stake in Ziemer Group Ltd for CHF 7m in cash to other Ziemer shareholders.
The sale price corresponds to the book value at which HBM BioVentures has carried the investment for over two years. The proceeds which will be used in part for follow-on investments in other portfolio companies.
HBM BioVentures first invested in the medtech company in 2001, and provided further financing in 2005.
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