INTECH MEDICAL acquired by MONTAGU PRIVATE EQUITY
Context
Intech Medical, a global leader in the manufacturing of orthopedic surgical instruments and implants, has entered into an agreement to be acquired by Montagu Private Equity. The transaction marks the exit of Eurazeo (specifically its mid-cap subsidiary) and Andera Partners, who have held a majority stake in the French group since 2017.
INTECH MEDICAL, which reported an EBITDA margin of in 2021, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Healthcare & Pharma sector (14.3x).
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Target
Intech (In'Tech Medical) is a premier global contract design and manufacturing organization (CDMO) specialized in the orthopedic medical device industry. Founded in 1999 and headquartered in Rang-du-Fliers, France, the company serves as a mission-critical partner for major medical technology OEMs across the Spine, Trauma, Knee, Hip, and Sports Medicine sectors. Powered by over 1,200 employees across 9 state-of-the-art facilities in Europe, the US, and Asia, Intech’s extensive capabilities span from prototype design to large-scale manufacturing of complex surgical instruments, cutting tools, implants, silicone handles, and sterilization trays, alongside its smart asset-tracking IoMT division, SMADE.
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| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 11/2021 | COLOPLAST | ATOS MEDICAL | SWEDEN | Medical Consumables |
| 09/2021 | PERRIGO COMPANY | HRA PHARMA | FRANCE | Generics / Labs |
| 07/2021 | ORKLA | NUTRAQ | Norway | Nutrition & Dietary Supplements |
| 07/2021 | PARTNERS GROUP | PHARMATHEN | GREECE | CDMO |
| 04/2021 | NAXICAP PARTNERS | LAGARRIGUE | FRANCE | Implants & Prosthetics |
| 04/2021 | DIASORIN | LUMINEX CORPORATION | UNITED STATES | Diagnostic Equipment |
| 03/2021 | CVC | COOPER-VEMEDIA | FRANCE | Generics / Labs |
| 02/2021 | SIPAREX | WINNCARE | FRANCE | Medical Devices |
| 02/2021 | IK PARTNERS | Innovad Group | BELGIUM | Animal Health |
| 01/2021 | ARDIAN / BNP PARIBAS DEVELOPPEMENT | PROTEOR | FRANCE | Implants & Prosthetics |
REFERENCES
Valuation range: EV 500M - 1.5b EUR
Revenue range: 100M - 200M EUR
EBITDA range: 25M - 50M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Target: intech medical
Acquirer: montagu private equity