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Montagu Private Equity to sell BSN Medical to EQT

Montagu Private Equity (Montagu) has sold medical supplies manufacturer BSN medical (BSN) to EQT VI (EQT) for an enterprise value of around EUR1.8 billion. The transaction is subject to statutory regulatory clearances.

BSN, with close to EUR700 million in sales and approximately 4,000 employees, is one of the world’s leading suppliers of wound care, compression therapy, and orthopaedic products to hospitals, pharmacies and sanitary shops.
In Wound Care, the company’s diverse product portfolio includes both acute and advanced wound care products. The Compression Therapy business focuses predominantly on ready-to-wear and custom-made compression garments. In Orthopaedics, BSN offers a comprehensive range of products for fracture management and physiotherapy.
Sylvain Berger-Duquene, Director at Montagu, says: “We are very proud to have partnered with BSN over the past 6 years. Under Montagu’s ownership, BSN has grown its sales by over 30%, made 5 acquisitions, strengthened its product portfolio, and invested heavily in its R&D capabilities, manufacturing network, and people. BSN is now a truly global market leader, with an enhanced ability to innovate and grow. This is a good illustration of our strategy to invest in high quality companies with potential to benefit significantly from partnering with Montagu.

“The exceptional performance of the company is testament to BSN’s talented employees and management team who have worked very hard to deliver these remarkable business achievements, and we wish the whole company continued success under its new ownership.”

Dr Claus-H Wiegel, CEO of BSN, says: “For over six years, Montagu has been an excellent partner that has actively supported the strategy of the group, enabling us to optimise BSN’s profile, market position and geographic reach. I am particularly proud of the progress the Company has made in strengthening its market leadership during this time, and we look forward to working with EQT to deliver the next phase of BSN’s growth story.”
Goldman Sachs and HSBC acted as financial advisors to Montagu and BSN.

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