Elos Medtech Acquires Klingel Medical Group from IK Partners

KLINGEL medical metal (IK) Acquires Bächler Feintech AG and Gehring Cut AG

March 26, 2019

Medical Devices

KLINGEL medical metal, a PE-backed precision medical technology platform owned by IK VIII Fund, has completed acquisitions of Swiss surgical instrument manufacturers Bächler Feintech AG and Gehring Cut AG. The add-ons expand KLINGEL's pan‑European MedTech CMO capabilities, adding manufacturing capacity, expertise and blue‑chip customers to better serve global medical device markets.

Klingel medical metal Acquires Swiss MedTech CMO Ruetschi

November 18, 2021

Medical Devices

Klingel medical metal group, owned by IK Partners, has signed an agreement to acquire Ruetschi Technology Holding AG, a Swiss contract manufacturer for medical devices that employs more than 200 people across three sites in Switzerland and Germany. The deal expands Klingel's MedTech CMO capabilities—particularly sterile packaged single-use procedure kits for orthopedic, spinal and dental surgery—and is the fourth acquisition for Klingel since IK Partners invested in 2018.

Klingel Medical Metal Acquires puracon GmbH from SHS

December 2, 2020

Medical Devices

Klingel medical metal GmbH, an IK Investment Partners portfolio company based in Pforzheim, has acquired 100% of puracon GmbH from SHS Gesellschaft für Beteiligungsmanagement mbH. The acquisition adds sterile packaging and validation services to Klingel's medtech value chain and enables a one-stop-shop offering for medical device customers; puracon is based in Rosenheim and specialises in packaging and validation for implants and instruments.

IK Investment Partners Acquires Ondal Medical Systems

December 3, 2019

Medical Devices

IK Investment Partners' IK VIII Fund has agreed to acquire Ondal Holding GmbH, a global leader in medical pendant systems, from funds advised by Capvis. Ondal, headquartered in Hünfeld, Germany, operates manufacturing sites in Germany, the US and China and employs over 500 people; IK will partner with management to further grow the company's market position and technology leadership in medical pendants.

TA Associates Makes Majority Growth Investment in Elos Medtech

June 11, 2021

Medical Devices

TA Associates completed a majority growth investment in Elos Medtech AB, acquiring a controlling stake via a public offer that tendered approximately 79.5% of the company’s share capital. Elos Medtech, headquartered in Gothenburg, Sweden, is a full-service contract development and manufacturing organization (CDMO) serving dental, orthopaedic and life science customers with facilities in Sweden, Denmark, China and the U.S.

EQT Acquires Majority Stake in Ellab from IK Investment Partners

August 7, 2019

Medical Devices

EQT Mid Market Europe has agreed to acquire a majority interest in Ellab A/S from the IK VIII Fund (advised by IK Investment Partners). EQT will partner with Ellab's management, which will retain a minority stake, to accelerate global growth by expanding R&D, enhancing the go-to-market model in the US and Europe, and growing the company's as-a-service offerings.