Ergon Acquires Majority Stake in Palex from Corpfin and Knuth Family

Apax Partners and Fremman Capital acquire co-controlling stakes in Palex Medical

August 1, 2023

Medical Devices

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.

Ergon Capital Partners Acquires Majority Stake in 360º Padel Group

July 6, 2022

Retail

Ergon Capital Partners (Apheon) has acquired a majority stake in 360º Padel Group, the largest specialized padel platform globally, headquartered in Madrid. Inveready and investment vehicles including GAEA Inversion SCR and Full Global Investments SCR committed capital alongside management, which is reinvesting, to support the Group's omnichannel expansion across key international padel markets.

Ergon Acquires Majority Stake in Satlink

January 4, 2022

Environmental Services

Ergon Capital Partners V (Ergon) has acquired a majority stake in Satlink, a Madrid‑headquartered provider of satellite-based hardware and proprietary data‑analytics solutions for maritime sustainability. Sellers include Artá Capital and founder Faustino Velasco, who will remain involved as Chairman while Artá stays on as a minority shareholder; Ergon will support Satlink's international growth and continued product development.

Fremman Acquires Majority Stake in Palex from Ergon and Corpfin

October 20, 2021

Medical Devices

Fremman has acquired a majority stake in Palex, the leading distributor of high value-added MedTech equipment and solutions in Spain and Portugal, from Ergon Capital Partners and Corpfin Capital. Management, Ergon and Corpfin will remain minority shareholders as Fremman partners with the Palex team to pursue further consolidation and geographic expansion across Iberia and Europe.

EQT Private Equity and Goldman Sachs Asset Management Acquire Parexel from Pamplona Capital Management

July 2, 2021

Healthcare Services

EQT Private Equity (EQT IX) and Goldman Sachs Asset Management's Private Equity business have agreed to acquire Parexel from Pamplona Capital Management for an enterprise value of USD 8.5 billion. Parexel, a global clinical research organization co-headquartered in Durham, North Carolina and Newton, Massachusetts, employs more than 17,000 people and provides outsourced clinical development, regulatory, market access and consulting services to the pharma and biotech industry.

Palex, backed by Ergon, acquires Comercial Rafer (Rafer)

February 3, 2021

Medical Devices

Palex, the Spain-and-Portugal MedTech distributor backed by Ergon, has acquired Comercial Rafer, S.L., a Zaragoza-based distributor of reagents and laboratory instruments focused on IVD and histocompatibility. The add-on expands Palex's IVD and laboratory diagnostics offering and brings Rafer's ~40 employees, nationwide salesforce and technical service into the Palex platform.