Apax Partners and Fremman Capital acquire co-controlling stakes in Palex Medical
August 1, 2023
Funds advised by Apax Partners LLP and funds advised by Fremman Capital agreed to acquire co-controlling stakes in Palex Medical, with Fremman remaining an investor while some of its funds and other minority shareholders sell. Palex, a Sant Cugat del Vallès (Barcelona)-headquartered MedTech distributor with ~928 employees, will partner with Apax and Fremman to accelerate pan-European growth and international expansion; the deal is expected to close in Q4 2023 and financial terms were not disclosed.
- Buyers
- Apax Partners LLP, Fremman Capital
- Targets
- Palex Medical
- Sellers
- Funds advised by Fremman, Other minority shareholders
- Industry
- Medical Devices
- Location
- Catalonia, Spain
- Transaction Type
- Recapitalization
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