Lexington is pleased to have advised Clinical Innovations (CI) upon its acquisition of MVF Disposables which is a leading obstetrics distributor based in Nancy.
The deal follows recernt expansions by CI in Germany, Australia and China, supporting the company's global growth strategy and strengthening it's presence in the European market.
CI is one of the largest medical device companies exclusively focused on pregnancy, labour and the neonatal intensive care unit and is a portfolio company of the investment firm, EQT, which hails from Sweden. EQT has a focus upon investments in European, Asian and the US based companies with leading positions in the manufactured products, services and healthcare sectors.
Lexington is delighted to have worked with the CI team for the third successive acquisition in the last twelve months following on from the advice Lexington provided upon the purchase of Munich based Brenner Medical and Brisbane based JB Medical Supplies.
Gary Partridge who led the team alongside Thomas Edwards said "We worked tirelessly this year to get this transaction accross the line. We hope to build upon our work with CI to explore further strategic opportunities with them drawing upon our international buy-side advisory expertise".
Lexington also worked closely with Revdvers Best, CFO of the European operations of CI, to complete the MVF Disposables transaction and he is now responsible for the financial integration of the two businesses.