Healthcare
Peters Surgical acquires Catgut to open DACH and Central European markets and secure high-quality production capacities
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The project at a glance
Key Facts
Client
Peters Surgical SAS
Acquiror
Peters Surgical SAS
Target
Catgut GmbH and TNI Medical
Sellers
Ines und Heiko Riedel
Healthcare
Vertical
small cap
Deal Size in EUR
France, Germany
Countries
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2021
Year
“I am very happy to launch our common roadmap after many fruitful discussions in recent months, which have created a relationship of trust with Thierry Herbreteau and his team. After leading our family business into a new era and focusing all our energy on the highest quality standards and certifications, this is the strategic step into the future.”
Ines Riedel
Former CEO and owner, Catgut GmbH
Approach
Peters Surgical, an international manufacturer of surgical material for cardiac, vascular and digestive surgery aimed to expand to DACH and Eastern European markets while securing qualified production facilities.
Challenges
Identify relevant targets that fit Peters Surgical’s strategic objective. Remove roadblocks on the seller’s side that have delayed the transaction. Solve intercultural challenges between a PE-backed international player and German sellers.
Results
Successful transaction by bridging cultural gaps while maintaining the transaction momentum and trust between the parties. End-to-end support of the entire transaction process from origination and qualification up to accompanying due diligence and negotiations.
