Nordic Capital Fund V sells Atos Medical to EQT VI
Jul 20, 2011
Nordic Capital Fund V ("Nordic Capital") today announced
the divestment of the medical devices company Atos Medical to EQT
VI. The parties have agreed not to disclose the terms of the
transaction. Atos Medical, headquartered in Hörby in southern
Sweden, was acquired by Nordic Capital in 2005 from Fisher
Scientific International.
Atos Medical is the undisputed global market leader and provider
of proprietary medical devices focused on laryngology, including
heat and moisture exchangers and voice prosthesis. It leads in all
aspects of the value chain, including R&D, design,
manufacturing, marketing and distribution. In 2010, the annual
revenues increased to €64m, and since Nordic Capital's acquisition,
the company has had a continuous track record of double digit
growth.
"During Nordic Capital's ownership of Atos Medical, the company
has continued its positive development and strong international
growth, organically as well as through acquisitions. I am certain
it will remain the brand of choice among surgeons and speech
pathologists, and continue to improve the quality of patients'
lives", said Christian Frick at NC Advisory AB, advisor to the
Nordic Capital Funds.
"During these years, we have received unprecedented commitment
from Nordic Capital, and their active ownership has been
instrumental in supporting Atos Medical's strengthening of its
global market leading position in its field. Our passion has always
been to improve quality of life for patients and yet so many more
have to benefit. Our journey that has almost just begun will now
continue to next levels with EQT VI as an effective and supportive
owner", said Tommy Hedberg, CEO of Atos Medical.
For more information, please contact:
Mikael Widell, Communications Manager, NC
Advisory AB Tel: +46 703 11 99 60
mikael.widell@nordiccapital.com
About Atos Medical
Atos Medical is a global medical technology company that
develops, manufactures and markets products within the ear, nose
and throat areas. It was founded in Sweden in 1986 by the two
brothers Gert and Jan Ove Persson. It sells its products via nine
sales companies in the US and Europe, and a network of distributors
in about 50 countries. It is owned by Nordic Capital Fund V since
2005, with the board directors and employees of the company holding
a minority stake (5.4%). It is headquartered in Hörby, Sweden, and
has close to 300 employees.
About Nordic Capital Private Equity Funds
Since the start in 1989, Nordic Capital Private Equity Funds
have invested in large and medium sized companies, primarily in
Northern Europe. Through committed ownership and by targeting
strategic development and operational improvements, Nordic Capital
creates value in its investments. The funds invest in companies in
Northern Europe and in selected investment opportunities
internationally. They are based in Jersey, Channel Islands, and are
advised by the NC Advisory companies in Sweden, Denmark, Finland,
Norway, Germany and the UK. Additional information about Nordic
Capital is available through its corporate website, www.nordiccapital.com.
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