Paragon Partners acquires stake in Primed Group Medizinprodukte

Munich — Para­gon acqui­res a stake in Primed Group, a leading provi­der of medi­cal devices and steri­liza­tion services based in Halber­stadt, Germany. Olden­bur­gi­sche Landes­bank Akti­en­ge­sell­schaft (OLB) was advi­sed as super senior lender by the commer­cial law firm Gütt Olk Feld­haus on the finan­cing of the acqui­si­tion of Primed Group by Para­gon Part­ners. The senior tran­che was provi­ded by Capza Private Debt. Para­gon Part­ners ente­red into a part­ner­ship with Primed Group in Novem­ber 2023. Primed supplies hospi­tals and medi­cal faci­li­ties in over 60 count­ries and plans to invest in its product port­fo­lio and enter new markets with the support of Para­gon Part­ners. Working closely with the exis­ting manage­ment team, Para­gon will conti­nue the Primed Group’s alre­ady highly successful growth stra­tegy. As a deve­lo­per, manu­fac­tu­rer, steri­liza­tion service provi­der and distri­bu­tor, the Primed Group covers the entire value chain and offers an inno­va­tive and high-quality product port­fo­lio in the areas of tracheo­tomy and laryn­gec­tomy, wound drai­nage, thora­cic surgery and stool management. 

About the Primed Group

The Primed Group (head­quar­te­red in Halber­stadt) is a leading provi­der of high-quality medi­cal devices and steri­liza­tion services. With around 470 employees and a verti­cal range of manu­fac­ture that covers all produc­­tion-rela­­ted proces­ses, the group of compa­nies is deeply verti­cally inte­gra­ted as a deve­lo­per, manu­fac­tu­rer, steri­liza­tion service provi­der and distri­bu­tor. Inno­va­tive and certi­fied medi­cal products with a focus on tracheo­tomy and laryn­gec­tomy, wound drai­nage, thora­cic surgery and stool manage­ment are manu­fac­tu­red at seve­ral produc­tion sites in Switz­er­land and abroad. The Primed Group’s products are used in hospi­tals, the home care sector and other medi­cal faci­li­ties in more than 60 count­ries worldwide. 

About Para­gon

Para­gon is an owner-mana­­ged, private group of compa­nies that has been invol­ved with medium-sized compa­nies in German-spea­king count­ries since it was foun­ded in 2004. Para­gon works closely with its port­fo­lio compa­nies to ensure sustainable growth and improve opera­tio­nal proces­ses. The Para­gon port­fo­lio spans various sectors and curr­ently compri­ses 14 compa­nies. Para­gon is based in Munich and curr­ently mana­ges over €2.4 billion in equity. www.paragon.de. OLB is a broadly posi­tio­ned univer­sal bank with a nati­on­wide presence and more than 150 years of expe­ri­ence in the core region of northwest Germany. Under the OLB and Bank­haus Neelmeyer brands, the Bank advi­ses its appro­xi­m­ately 1 million clients in the Private & Busi­ness Custo­mers and Corpo­rate & Diver­si­fied Lending segments.

Legal advi­sors to OLB: Gütt Olk Feld­haus, Munich

Dr. Tilmann Gütt, LL.M. (London) (Part­ner, Banking/Finance), Anja Schmidt (Asso­ciate, Banking/Finance) About Gütt Olk Feldhaus

Gütt Olk Feld­haus is a leading inter­na­tio­nal law firm based in Munich.

We provide compre­hen­sive advice on commer­cial and corpo­rate law. Our focus is on corpo­rate law, M&A, private equity and finan­cing. In these specia­list areas we also take on the litigation.