PRESS
PRESS
RELEASE
RELEASE
PARIS, 28 March 2014
Péters Surgical, a Eurazeo PME subsidiary, acquires Vitalitec,
European leader on the market of surgical clamps, and
surgical adhesive specialist Fimed.
With the support of Eurazeo PME, majority shareholder since July 2013, the group made
its first acquisition to enlarge its product range and boost its positioning as a specialist in
surgical closures.
Péters Surgical, the world's 4th-largest surgical suture specialist, has announced the
acquisition of Vitalitec, the European leader in haemostatic surgical clamps in titanium
used to ligature blood vessels. At the same time, the group acquired surgical and
haemostatic adhesive manufacturer Fimed, for which Vitalitec is the exclusive
distributor. These deals will strengthen the positioning of Péters Surgical as a surgical
closure specialist, with a wide range of products: sutures, clips, clamps, parietal
reinforcement implantand surgical adhesives. Vitalitec and Fimed were acquired based
on a total enterprise value of more than €40 million, with Eurazeo PME’s investment
totalling €22 million. Ouest Croissance, Vitalitec shareholder since 2001, supports also the
deal by investing €2 million.
With the acquisition of Vitalitec and Fimed, Péters Surgical, which generated €38 million
in revenue in 2013, has stepped up its growth both in France, by boosting its commercial
presence, and abroad, thanks to direct operations in the United States and Belgium,
doubling its network of distributors outside France. Combined group revenue now
amounts to more than €60 million.
Vitalitec was set up in 1991 and is based in Domalain (Brittany, France). It has
81 employees and two distribution subsidiaries in the United States and Belgium. The
company generates 70% of its revenue through a network of distributors that export to
72 countries. Vitalitec shares with Péters Surgical a model based on developing close
relationships with it clients – hospital chemists and surgeons.
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Jean-Marc Chalot, Chairman and Chief Executive Officer of Péters Surgical, stated: “We
are very pleased to announce the acquisitions of Vitalitec and Fimed, which mark the
beginning of a new stage in the development projects of Péters Surgical. Those both
acquisitions are the first concrete step towards the ambition that we share with our
majority shareholder, Eurazeo PME: growth by expanding our range and our
geographical coverage over the next five to ten years.”
Emmanuel Laillier, member of the Executive Board of Eurazeo PME, stated: “The
acquisitions of Vitalitec and Fimed, just a few months after the beginning of our
collaboration with the management team of Péters Surgical, show that we share the
same determination to step up the group’s growth and international development
immediately. Those two deals will expand Péters Surgical’s product range, while
remaining in line with its expertise, and increase its leverage abroad as it moves into
new markets. Following on from the work we have accomplished with other companies
in our portfolio, with Péters Surgical we fulfil our role as a professional shareholder,
guiding sound French SMEs in their transformation into globalised intermediate-sized
companies.”
> About Eurazeo PME
Eurazeo PME is an investment firm and the subsidiary of Eurazeo that is dedicated to majority
investments in profitable French SMEs with an enterprise value of less than €200 million.
Eurazeo PME acts as a long-term shareholder, providing its portfolio companies with all the
financial, human and organisational resources they need for a sustained transformation. With an
investment horizon generally ranging from 5 to 10 years, it guides its portfolio companies in
creating sustained and responsible growth. This commitment is formalised and deployed through
a CSR (Corporate Social Responsibility) policy.
EURAZEO PME CONTACT
MEDIA CONTACT
Sabrina NAHAL
Havas Worldwide Paris
Nathalie Baudon
snahal@eurazeo-pme.com
Tel: +33 (0)1 53 83 81 72
nathalie.baudon@havasww.com
Tel: +33 (0)1 58 47 82 97- +33 (0)6 19 14 05 60
To find out more, go to Eurazeo PME’s website at www.eurazeo-pme.com
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