ForLife Expands with Keyhaven's Acquisition
Deal News | Dec 03, 2024 | Keyhaven Capital Partners
In a strategic move to expand its footprint in the European medical device market, Keyhaven Capital Partners has orchestrated two significant investments in 2024. The private equity firm has completed a corporate carve-out of ForLife Group from GHD GesundHeits GmbH, along with acquiring assets from Trio Healthcare Ltd. ForLife, a prominent developer and manufacturer of stoma care products, brings with it its Berlin development and production center and the UK-based distributor, Oakmed. This divestment allows GHD and ForLife to retain a close partnership, serving German ostomy patients. Simultaneously, Trio Healthcare's assets, including innovative Genii stoma bags featuring Sil2 Breathable Silicone Technology, were acquired to complement ForLife's offering. Keyhaven's investments aim to create a formidable player in the ostomy care segment, enhancing product development and distribution capabilities across Europe. Overall, the dual acquisition supports Keyhaven's strategy of building robust, sustainable businesses that deliver value to investors and serve the community. Keyhaven Capital Partners, specializing in the European lower mid-market, has a history of successful investments exceeding €2.2 billion across numerous transactions.
Sectors
- Healthcare
- Private Equity
Geography
- Europe – The activities and transactions discussed involve European countries, with companies based in Germany and the UK.
- Germany – GHD GesundHeits GmbH and the acquired ForLife Group originate from Germany.
- United Kingdom – Trio Healthcare Ltd, acquired by Keyhaven, is based in Yorkshire, UK.
Industry
- Healthcare – The article involves companies that design, develop, and manufacture medical devices, particularly in the field of stoma care.
- Private Equity – Keyhaven Capital Partners, a private equity firm, is the central entity orchestrating the acquisitions, indicative of investment activity within the PE sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ForLife Group | Target Company | Company | A European medical device developer, manufacturer, and distributor specializing in stoma care. |
| Trio Healthcare Ltd | Target Company | Company | A UK-based company specializing in stoma care products, acquired to complement ForLife's portfolio. |
| GHD GesundHeits GmbH | Selling Company | Company | Germany's largest outpatient health, therapy, and service company, previously owning ForLife. |
| Keyhaven Capital Partners | Acquiring Company/Private Equity Firm | Company | A private equity firm focusing on the European lower mid-market, coordinating the acquisitions of ForLife and Trio. |
| Duke Street | Other Company | Company | An investment firm with a strategy focused on healthcare, consumer, and industrial sectors, connected with Keyhaven’s sector interests. |