GHD Sells ForLife Group to Duke Street
Deal News | Nov 13, 2024 | White & Case
Global law firm White & Case LLP has advised GHD, a medical supplier and portfolio company of Nordic Capital, on the sale of ForLife Group to Duke Street, a private equity investor. The transaction involves GHD divesting its development and production site in Berlin, alongside its UK-based direct sales company Oakmed. As part of this strategic move, GHD is shifting its focus towards homecare patient care. ForLife Group is known for its specialization in the development, manufacture, and distribution of medical devices with a particular emphasis on ostomy care. The team from White & Case that facilitated this transaction was led by partners from the Frankfurt and London offices. The deal is projected to close by the end of 2024.
Sectors
- Healthcare
- Private Equity & Investment
- Legal Advisory
Geography
- Germany – GHD is divesting its production site in Berlin as part of the sale.
- United Kingdom – The transaction involves the sale of Oakmed, a UK-based sales company.
- Global – The transaction involves multinational entities, showcasing global business operations and strategies.
Industry
- Healthcare – GHD and ForLife operate within the healthcare sector, focusing on medical devices and patient care.
- Private Equity & Investment – Duke Street's involvement as a private equity investor highlights the industry focus on investment and ownership transitions.
- Legal Advisory – White & Case's role as the advising firm shows the importance of legal services in facilitating M&A transactions.
Financials
- – Financial terms of the sale were not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| GHD | Target Company | Company | Medical supplier and Nordic Capital portfolio company selling ForLife Group. |
| ForLife Group | Division/Asset being Sold | Company | Specializes in medical devices, focusing on ostomy care. |
| Duke Street | Buyer | Company | Private equity firm acquiring ForLife Group. |
| White & Case LLP | Legal Advisor | Company | Global law firm advising GHD on the sale. |
| Nordic Capital | Owner of GHD | Company | Private equity firm that owns GHD. |