FRANCE - Turenne leads Aston Medical France restructuring

The two financial sponsors now own a 48% stake in the holding company, Société de Génie Médical, while the CEO retains 52%. The funds invested include an undisclosed amount of working capital.

Founded in 2001, Aston Medical manufactures shoulder, hip, knee and spinal prostheses. The company generated a 2005 turnover of EUR 9.5m and hopes to increase this figure to EUR 20m by 2009, representing a 20% yearly growth. The business’ plans for development include expansion throughout Europe and the Middle East, as well as some acquisitions.

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• Topics
• Expansion
• France