Lima shares acquired by EQT
SAN DANIELE DEL FRIULI, Italy, Dec. 23, 2015 /CNW/ - Lima Corporate is pleased to announce that EQT has agreed to acquire the majority of the shares of the company. EQT's mission is to invest in market leading companies across the world with a mission to support sustainable growth through capital and industrial expertise. The transaction is subject to regulatory approval in certain European jurisdictions. Lima Corporate, since the entrance of the previous owner, Ardian, has been on a path of success, creating value that continues to grow. The company in just a few years launched innovative products into the market in key segments, including implants for extremities and knee. Lima Corporate has succeeded in acquiring key new business through the acquisition of ZUK unicompartmental knee, now re-branded Physica ZUKTM , and Discovery™ Total Elbow system for the European Economic Area, Switzerland and Japan as well as Vanguard™ for Denmark and Sweden and the non-exclusive rights of the Vanguard™ technology for the European Economic Area. Lima Corporate has also signed key partnerships to support their surgeons worldwide with auxiliary devices, such as patient-specific instruments and handheld navigation.
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"We are pleased with the growth experienced by Lima during our ownership. Working alongside EQT, we are sure that Lima can continue its progress towards becoming a leader in the orthopaedic business," said Nicolò Saidelli, Managing Director, Head of Ardian Italy.
Lima Corporate has been known as an innovative company, specializing in the production of titanium since the company was founded. Today, Lima has become a reference player with a vertically integrated supply chain and the world's largest additive manufacturing outfit for the orthopedics medical device market.
Having EQT as new majority shareholder will allow Lima Corporate to continue with its current strategy focused on exploiting its proprietary Trabecular Titanium technology for hip revision, strengthening its position in the knee market and providing one of the most complete and innovative portfolios for the extremities characterized by a long-standing clinical history for the shoulder replacement.
"I have to thank all the people that have believed in Lima Corporate, from our board to our shareholders to our surgeons and our employees. By working together, we are confident to continue to provide surgeons and their patients the most effective and safest implant technology on the market today," said Luigi Ferrari, CEO of Lima Corporate.
"EQT has followed Lima for almost ten years and we are impressed by the Company's growth history as well as the strength of the management team. We are now keen to support Lima in its next phase of development. Lima is well-positioned for future growth and we are convinced it can be accelerated by leveraging our industrial network and resources. We look forward to working with the management team to achieve the full potential of Lima," says Michael Bauer, Partner at EQT Partners AG, Investment Advisor to EQT.
A key success factor of Lima Corporate is thanks to the over 750 employees worldwide. The company, just in the last three years, added over 30% more employees and opened a number of new subsidiaries, some of the most recent being South Korea, Turkey, Denmark, Belgium and South Africa. "Our employees are the most important asset of Lima. The passion with which they do their jobs and their attention to detail are the strongest I have seen in the industry," Mr. Ferrari added.
About Lima Corporate
Lima Corporate is a global medical device company providing reconstructive orthopaedic solutions to surgeons who face the challenges of improving the quality of life of their patients. Based in Italy, Lima Corporate is committed to the development of innovative products and procedures to enable surgeons to select the ideal solution for every individual patient. Lima Corporate's product range includes large joint revision and primary implants and complete extremities solutions including fixation.
For additional information on the Company, please visit http://www.limacorporate.com
EQT is a leading global private equity group with approximately EUR 29 billion in raised capital. EQT has portfolio companies in Europe, Asia and the US with total sales of more than EUR 17 billion and 140,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.
For further information, please visit http://www.eqt.se
Ardian, founded in 1996 and led by Dominique Senequier, is an independent private investment company with assets of US$50bn managed or advised in Europe, North America and Asia. The company, which is majority-owned by its employees, keeps entrepreneurship at its heart and delivers investment performance to its global investors while fueling growth in economies across the world. Ardian's investment process embodies three values: excellence, loyalty and entrepreneurship.
Ardian maintains a truly global network, with more than 410 employees working through twelve offices in Paris, London, Frankfurt, Milan, Madrid, Zurich, New York, San Francisco, Beijing, Singapore, Jersey and Luxembourg. The company offers its 433 investors a diversified choice of funds covering the full range of asset classes through Ardian Funds of Funds (comprising primary, early secondary and secondary activities), Ardian Private Debt, Ardian Direct Funds (comprising Ardian Mid Cap Buyout, Ardian Expansion, Ardian Growth and Ardian Co-Investment), Ardian Infrastructure, Ardian Real Estate and customized mandate solutions with Ardian Mandates. http://www.ardian.com
SOURCE Lima Corporate
For further information: Limacorporate spa, Via Nazionale, 5233038 Villanova di San Daniele, Udine - Italy, t: +39-0432-945511, e: email@example.com, http://www.limacorporate.com