Astorg Mid‑Cap Acquires Majority Stake in hg medical
May 5, 2023
Astorg Mid‑Cap, the German arm of pan‑European private equity firm Astorg, has signed an agreement to acquire a majority stake in hg medical from NORD Holding. The transaction — terms undisclosed — will support management succession (COO Craig Bluett to become CEO, founder Johannes Hagenmeyer to move to an advisory role) and fund organic growth, capacity expansion and external M&A to scale hg medical's orthopaedic implant contract‑manufacturing platform across extremities and spine.
- Buyers
- Astorg Mid‑Cap (Astorg)
- Targets
- hg medical
- Sellers
- NORD Holding
- Industry
- Medical Devices
- Location
- Bavaria, Germany
- Transaction Type
- Buyout
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