(Boursier.com) — Eurazeo reported the signing by its ‘Small-mid buyout’ team and the management of Peters Surgical, of an agreement for the sale of the entire capital of the company to Advanced Medical Solutions Group plc, specialist in devices of tissue healing listed on the London Stock Exchange. Majority shareholder since 2013, Eurazeo has supported Peters Surgical, one of the leaders in surgical sutures, by allowing it to expand its presence in operating theaters organically, but also by acquiring new product ranges, such as hemostatic clips. or surgical glue. Through numerous acquisitions, Peters Surgical has also strengthened its direct sales capabilities and expanded its geographic presence, particularly in the United States, Asia and key European countries. The transaction will allow Peters Surgical to benefit from complementarities with Advanced Medical Solutions Group in terms of product portfolio, sales force, commercial presence and distribution networks.
The transaction would generate gross proceeds of approximately €66 million, of which approximately €46 million would be recorded on Eurazeo’s balance sheet. These sale proceeds will be adjusted on the basis of the closing accounts and price supplements which could be triggered and paid in 2024 and 2025. The operation remains subject to the approval of the French authorities in terms of control of foreign direct investments, indicates Eurazeo.
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