Montagu, a leading European private equity firm, announces today that it has entered into exclusive negotiations with Eurazeo PME, Andera Partners and management to invest in Intech. The agreement is subject to regulatory approval and customary closing conditions. The terms of the transaction were not disclosed.
Based in Rang-du-Fliers, France, Intech is the global leader in the co-development and manufacturing of orthopaedic surgical instruments. With manufacturing facilities in France, the United States, and Malaysia, Intech supplies hundreds of thousands of complex surgical instruments to a diversified base of medical device companies which trust its engineering and technical know-how. Since its foundation in 1999 as a spine specialist, Intech has grown organically and through a series of acquisitions. Its broad portfolio of solutions, now spanning manual instruments, handles, cases & trays, robotics-specific components, and implants across multiple orthopaedic applications (spine, hip, knee, extremities, and trauma), positions it ideally to better address the needs of its OEM customers and of surgeons, and ultimately contribute to improved patient outcomes.
Montagu will support Intech’s experienced management team, led by CEO Laurent Pruvost, to strengthen the group’s leadership by further accelerating organic and external growth.
We are excited to partner with Laurent and his team in their mission to deliver unique solutions that better patients’ lives worldwide.
“lntech represents a classic Montagu investment within an attractive market supported by long-lasting growth drivers.”
Adrien Sassi, Director, Montagu
Montagu is an ideal partner given their expertise in healthcare and track-record in backing companies with similar business models to ours.