Candesic advises ARCHIMED on investment in Renata Medical
Paediatric medical device company Renata Medical has just closed a $25m Series D financing round. The round was led by global private equity investment firm ARCHIMED Candesic is delighted to have supported ARCHIMED with commercial due diligence on the investment in Renata, a US-based technology company focused on developing cardiovascular devices specifically for children with congenital heart disease. The Candesic…
Gerresheimer to sell pharma packaging businesses for €1.5bn
German manufacturer Gerresheimer AG has entered into definitive agreements to sell its Centor prescription packaging business and its global Primary Packaging Plastics division to funds advised by Apax Partners for a combined enterprise value of approximately €1.5bn. Gerresheimer, a global partner for the pharmaceutical, biotech, and cosmetics industries, confirmed that the transaction includes 15 production sites for primary plastic packaging…
Inflexion expands DACH portfolio with Primed
European middle market private equity firm Inflexion is acquiring Primed Group from DACH focused private equity firm Paragon Partners. The transaction, which is being executed through Inflexion’s Buyout Fund VI, marks the firm’s sixth investment in the DACH region. The financial terms of the deal remain undisclosed, and the transaction is subject to customary regulatory approvals. The acquisition highlights the…
EQT targets surgical technology with Corza Biosurgery deal
Global investment firm EQT is to acquire the biosurgery business unit from Chicago-based private equity firm GTCR’s portfolio company, Corza Medical. Financial details of the transaction remain undisclosed. The deal, through the EQT X fund, is expected to close in Q4 2026, subject to regulatory clearances and customary closing conditions. The divestiture represents a significant corporate carve-out for Corza Medical. Under…
Philips warns of potentially fatal foetal monitor defect
European medical technology manufacturers Philips has just issued an urgent field safety notice to address potential clinical risks within its installed bases. On June 1, Philips notified customers about a manufacturing defect affecting its “Avalon Fetal Monitors” (FM20 and FM30) models used during antepartum testing and labour. Speaker assembly cable contacts were inserted rotated 180 degrees relative to their specified…
Ottobock buying Blatchford Norway for €110m
German medical technology group Ottobock is to acquire the Norwegian patient care division of UK-based Blatchford for approximately €110m. The transaction encompasses eight clinical locations and roughly 200 employees, establishing the first direct operational footprint in Norway for Ottobock. The deal reflects a broader consolidation trend within the orthotics and prosthetics sector. Ottobock CFO Arne Kreitz noted that closer integration…
Thermo Fisher selling microbiology business to Astorg for over $1bn
Listed US-based supplier of scientific instrumentation, reagents, consumables, and software Thermo Fisher Scientific has agreed to divest its global microbiology business to the European private equity firm Astorg. The transaction, valued at approximately $1.075bn, is slated to close in the second half of 2026 subject to customary regulatory approvals. For operators in the clinical and laboratory space, the transition marks…
Amplifon vertically integrates as Sonova refocuses core
The global hearing care industry is experiencing a structural realignment as major players rethink their positions across the value chain. Italian retail giant Amplifon has announced a transformative €2.3bn acquisition of Danish manufacturer GN Hearing. This landmark transaction shifts Amplifon from a pure play audiology retailer into a fully vertically integrated global platform. Conversely, Swiss manufacturer Sonova is taking a…
Coloplast appoints former J&J executive Gavin Wood as CEO
Denmark-based Coloplast has appointed Gavin Wood, a former senior executive at Johnson & Johnson, as its new President and Chief Executive Officer effective May 1, 2026. This appointment ends a ten month leadership search following the departure of Kristian Villumsen in May 2025. Wood joins the Danish medical device specialist from his recent role as Company Group Chairman of Johnson…
Medtronic acquires Scientia Vascular to boost neurovascular portfolio
Listed American-Irish medical device company Medtronic has entered into a definitive agreement to acquire Scientia Vascular, a privately held specialist in neurovascular access technology, for an upfront payment of $550m. The transaction also includes potential undisclosed earn-out and milestone payments following the completion of the deal. Based in Salt Lake City, Utah, Scientia employs approximately 310 people and is known…