Sterimed Group Acquires Westfield Medical Group from Maven
December 20, 2021
France-domiciled Sterimed Group has acquired Westfield Medical Group, a Somerset-based manufacturer of single-use sterilisation barrier packaging, from private equity owner Maven. The sale — which follows Maven's 2016 MBO of Westfield — is described as a strategic fit to expand Sterimed's product and geographic footprint; Maven and its co-investors generated a reported 2.2x blended return on exit.
- Buyers
- Sterimed Group
- Targets
- Westfield Medical Group
- Sellers
- Maven, Maven Investor Partners
- Industry
- Medical Devices
- Location
- Somerset, United Kingdom
- Transaction Type
- Divestiture
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