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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