Christie + Co
Essential reading for the healthcare business
 
 
Remember me:
Skip Navigation LinksHealthInvestor article
EQT to buy BSN Medical for €1.8 billion

Private equity fund EQT VI has agreed to buy medical device manufacturer BSN Medical from Montagu Private Equity for €1.8 billion (£1.4 billion).

BSN has annual sales of €700 million and around 4,000 employees. It is a major supplier of wound care, compression therapy and orthopaedic products to hospitals and pharmacies around the world.

The company was founded in 2001 as a joint venture between Beiersdorf AG and Smith & Nephew, and was acquired by Montagu Private Equity in 2005.

“We view BSN as a highly attractive growth case with strong resilience across the business cycle,” said Marcus Brennecke, partner at EQT Partners in Germany, and investment advisor to EQT VI.

“While continuing to strengthen the position in key markets and in key product segments, there is tremendous potential in entering new geographic markets, especially in Asia and Latin America. BSN’s global foot-print and large sales force provide an excellent platform for add-on acquisitions.”

BSN’s chief executive, Claus-H Wiegel, said: “We will look forward to working with EQT to deliver the next phase of BSN’s growth story.”

The transaction is subject to regulatory clearances. Morgan Stanley and Deutsche Bank acted as financial advisors to EQT VI. Goldman Sachs and HSBC acted as financial advisors to Montagu and BSN.

Posted on: 11/06/2012

Latest news stories

23/03/2017
CareTech has successfully raised £39 million before expenses through the placing of 11 million new shares at 355 pence per share.
23/03/2017
Mears group left one fifth of its care contracts in 2016, contributing to a £1.2 million loss for its care business.
22/03/2017
Aim-listed CareTech has announced it will make a placing of 11 million new ordinary shares at 355 pence each in a bid to raise approximately £39 million.
22/03/2017
The Care Quality Commission has warned of problems with the safety of care offered by independent ambulance providers, following inspections.
21/03/2017
Primary Health Properties has raised £100 million through the issue of secured ten-year notes.




Interview: Paolo Pieri

After a first decade or so rarely out of the limelight, Circle's next act is all about scale, CEO Paolo Pieri tells Ploy Radford
Read more...



Company profile: IMH Group

IMH CEO Richard Power tells Sarah Williams how the company is taking the strain off the struggling primary care sector
Read more...
HealthInvestor Events

Social care staffing' already under strain, could face further pressure after Brexit. Sarah Williams asks sector leaders about their biggest fears - and what could allay them
Read more...


Christie + Co


Learning disabilities

The CQC has been accused of 'unlawfully' refusing to register LD units with over six beds. Ploy Radford takes a look at the issue which has got the LD sector up in arms
Read more...



HealthInvestor blog
STPs could hinder much-needed private sector partnerships if 'accountable care' is enforced incorrectly, argues NHS Partners CEO David Hare

Click here to view the Editor's blog


Claire Smith is the chief executive of HCA Joint Ventures and an avid dog walker
Dr Michelle Tempest and Dr Niklas Jahn of Candesic diagnose the investment case for the orthopaedic hip and knee joint replacement market
Clare Connell and Henry Hunt of Connell Consulting take a look at how rising fuel costs will affect health and social care
Social care staffing, already under strain, could face further pressure after Brexit. Sarah Williams asks sector leaders about their biggest fears – and what could allay them
IMH CEO Richard Power tells Sarah Williams how the company is taking the strain off the struggling primary care sector

Click here to search all feature articles