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The shareholders of Vitalitec, European leader for hemostatic titanium surgical clamps used to ligature blood vessels, have sold the company to Péters Surgical, the world’s 4th largest surgical suture specialist and an investee company of Eurazeo PME. goetzpartners Corporate Finance acted as exclusive financial advisor to Vitalitec’s shareholders: its founder, its managers, Isatis Capital, BNP Paribas Développement and Ouest Croissance.
Hugues Archambault, Managing Director at goetzpartners in Paris, explains:
«As Europe’s leader for hemostatic clips with a strong international footprint, especially in the US, Vitalitec broadens Péters Surgical’s surgical closure product range whilst accelerating its international expansion. We are very happy for initiating and coordinating the tie-up between two great French SMEs, thus creating a leading medical devices group with combined revenues in excess of €60 million. »
Jacques Le Bozec, Vitalitec’s founder, comments :
«The goetzpartners team provided pertinent advice throughout our negotiations with Péters Surgical and its shareholder Eurazeo PME. I am very grateful for its critical contribution to this strategic transaction that will generate significant industrial and sales synergies. »
Founded in 1991 and based in Domalain (Britanny, France), Vitalitec employs 81 staff and has two distribution subsidiaries in the United States and Belgium. Vitalitec is not only Europe’s leader for hemostatic titanium surgical clamps but also the exclusive distributor of Fimed’s surgical adhesives. The company generates 70% of its sales abroad, in 72 countries, via a specialized distributor network.
About Péters Surgical
Founded in 1926 and based in Bobigny (near Paris, France), Péters Surgical designs, manufactures and distributes a range of single use medical devices for hospital blocks. Its main product offering consists of surgical sutures, parietal reinforcements and drains. Its products are distributed in more than 75 countries. Péters Surgical employs 350 people and generated revenues of €38 million in 2013.