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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