Add-on Acquisition • Medical Products

G Square Capital Exits Duomed

On April 16, 2024, Palex invested in medical products company Duomed from G Square Capital

Investment Context
  • This is Palex’s 1st transaction in the Medical Products sector.
  • This is Palex’s 1st transaction in Belgium.

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Investment Summary

Date April 16, 2024
Target Duomed
Sector Medical Products
Investor(s) Palex
Sellers(s) G Square Capital
Deal Type Add-on Acquisition
Advisor(s) William Blair (Financial)

Target Company

Duomed

Aartselaar, Belgium
Duomed is a provider of specialized surgical instruments and disposables in the field of minimally invasive abdominal surgery, gynecology and urology, and interventional radiology and endoscopy. Duomed is based in Aartselaar, Belgium.
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Investor Overview 1

Investor

Palex

Barcelona, Spain

Category Company
Founded 1955
Sector Distribution
Employees2,000
DESCRIPTION

Palex is a distributor of sanitary equipment and advanced hospital solutions. It has a wide portfolio of specific hospital equipment and equipment for more than 40 medical specialties, from fungible material to sophisticated diagnostic, treatment, and laboratory equipment. Palex was founded in 1955 and is based in Barcelona, Spain.


Deal Context for Investor #
Overall 4 of 4
Sector: Medical Products 1 of 1
Type: Add-on Acquisition 4 of 4
Country: Belgium 1 of 1
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-20 Medicina Tecnica Werkstatte

Madrid, Spain

Medicina Tecnica Werkstatte (MTW) is a distributor of medical equipment that include import, export, purchase, sale, adaptation, transformation, installation, repair, and maintenance services. Medicina Tecnica Werkstatte is based in Madrid.

Buy -

Seller Profile 1

SELLER

G Square Capital

London, United Kingdom

Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 2.0B EUR
Size Large
Type Sector Focused
DESCRIPTION

G Square Capital is a specialist private equity group focused on acquiring and/or providing growth capital to mid-cap healthcare companies with an enterprise value up to €200 million. G Square primarily looks for opportunities in Europe and specifically targets healthcare services (private hospitals, nursing homes, diagnostic labs, imaging centers), services to the healthcare industry, medical technology providers, and pharmaceuticals. G Square was formed in 2008 and is based in London.


Deal Context for Seller #
Overall 4 of 4
Sector: Medical Products 1 of 1
Type: Add-on Acquisition 3 of 3
Country: Belgium 1 of 1
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-07 Mayden

Bath, United Kingdom

Mayden is a health tech company that specializes in digital solutions for healthcare services. Mayden is a cloud based technology software to support clinicians and services in providing high quality, comprehensive and consistent care. Mayden was founded in 2000 and is based in Bath, United Kingdom.

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