German private equity asset manager Nord Holding has acquired a majority stake in Germany-based orthopaedic surgery implant manufacturer HG Medical.
Nord Holding acquires the majority in HG medical from HG Darco Group.
HG Medical is a vertically integrated contract manufacturer of orthopaedic implants. Its customers include in particular FDA-regulated US medical technology companies that HG Medical supports in the technical implementation of product innovations, development services and individual customer solutions. It specialises in technically challenging and complex implants.
“We are very pleased that we can continue our investment strategy in the healthcare sector with our stake in hg medical. In this way, we can participate in the strong market growth for orthopaedic implants in the long term and actively support the management in the coming years,” said Nord Holding’s Ronald Grott.
The company currently has 143 employees at two locations: Raisting, Bavaria and Huntington, West Virginia in the US.
Nord Holding was advised by Noerr and HG Medical was advised by Quarton.