Wired Health
HealthInvestor  Barometer Survey 2014
 
 
Remember me:
Skip Navigation Links
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

30/01/2015
Monitor has announced it is to review the NHS Tariff 2015-16 following an “unprecedented” rejection by 75% of NHS hospitals.
30/01/2015
Korea’s Ministry of Trade, Industry and Energy has announced a tax exemption plan for r&d investment for smart healthcare companies.
30/01/2015
Healthcare and related companies dominated the Australian equity market in 2014. They raised A$14.1 billion (US$11.2 billion) or 53% of the total market capitalisations of all listings, according to HLB Mann Judd.
29/01/2015
The Collaborative Network has won a ten-year NHS contract to provide PET-CT scanning services across 30 locations in England.
29/01/2015
The Public Accounts Committee has updated its inquiry into the franchise of Hinchingbrooke Health Care NHS Trust and summoned key people associated with the deal to appear before them.


HealthInvestor looks back on 2014 and highlights the defining moments for the sector
Read more...
The number of people buying into private healthcare has remained largely flat. Can this change if prices are pushed down, as Bupa claims? Ploy Radford investigates
Read more...
Although Britain has seen two successful healthcare IPOs this year, much of the action has been in Australia and the Middle East.
Read more...

Wired Health
HealthInvestor looks back on 2014 and highlights the defining moments for the sector
Candesic’s Marc Kitten and Dr Joe Taylor explore how existing software platforms and technologies could address healthcare’s looming workforce crisis
MedicX and the healthcare division at Octopus Investments have joined forces to create Octopus Healthcare. Sunniva Davies-Rommetveit spoke to Mike Adams and Shay Ramalingam about their grand plans for the future
Sunniva Davies-Rommetveit asks whether Simon Stevens’ ‘Five year forward view’ encapsulates his own saying “think like a patient, act like a taxpayer”, or if significant issues are left unaddressed
Although Britain has seen two successful healthcare IPOs this year, much of the action has been in Australia and the Middle East. Adrian Murdoch reports

Click here to search all feature articles