Connell Consulting
 
 
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

12/02/2016
Carholme Dental Group has announced the acquisition of its eleventh surgery in Dedham, East Anglia, after securing a £11.4 million funding package from Clydesdale Bank.
11/02/2016
Scottish first minister Nicola Sturgeon has announced that the Scottish government will make an extra £27 million investment in the training of care professionals.
11/02/2016
The Department of Health will receive £205 million in bailout money from the Treasury this year, with a £950 million transfer of its capital budget to revenue spending also agreed.
11/02/2016
UK care home residents are at their most satisfied in four years, a survey has found.
10/02/2016
The NHS caps on hourly pay for locum staff has caused a significant proportion of staffing agencies problems with filling recruitment requests.


2016 is due to be a dramatic year for care providers. David Waller reviews the social care status quo
Read more...


The dynamics have changed in the care home sector. Ploy Radford finds that it is not just a question of scale anymore
Read more...
Investors and customers can’t seem to get enough of Audley Retirement Villages. Ploy Radford talks to CEO Nick Sanderson to find out more
Read more...


Christie + Co

In a tough home care environment Saga couldn’t get rid of Allied Healthcare fast enough. Aurelius tells HealthInvestor why it was willing to take on the risky investment
Renaissance Care chairman Robert Kilgour takes issue with the Scottish government’s handling of care
When 2 billion people officially do not exist, how do you solve the ensuing healthcare issues? Simprints offers an answer
Leonid Shapiro of Candesic examines what the latest government legislation means for the social care sector
Optegra Eye Health Care has just launched a new flagship hospital near London’s Harley Street as part of its plan to establish itself as a global eye care specialist, Sunniva Davies-Rommetveit and Ploy Radford find out more

Click here to search all feature articles