Monitor Clipper Partners and Augusto Orsini Jointly Acquire
International Medical Products Consortium Sengewald Klinikprodukte
GmbH
LUXEMBOURG, Nov. 16, 2012 /PRNewswire/ -- Monitor
Clipper Partners ("MCP"), a private equity firm with offices in
Cambridge, Massachusetts and
Zurich, Switzerland, and
Augusto Orsini, an executive with
over 25 years of experience in the surgical theater solutions
market, today announced their joint acquisition of Sengewald
Klinikprodukte GmbH ("SKP" or the "Company"). Based in
Rohrdorf, Germany, SKP is a
leading international producer of drapes, gowns, and custom
procedure trays for surgical theaters. The Company's products
are currently used in approximately one and a half million surgical
interventions annually throughout the world. The transaction
includes SKP's subsidiaries, MSP Schmeiser GmbH (based in Horb am
Neckar, Germany) and Texsan
Medical EOOD (based in Sandanski, Bulgaria.) Concurrent with the
acquisition, the new owners have also announced that Mr.
Dieter Gruber has been named as
Managing Director (Geschaeftsfuehrer) of SKP.
The acquisition was completed through a new parent company
formed by MCP and Mr. Orsini, STS Medical Group S.à r.l., based in
Luxembourg
(www.stsmedicalgroup.com). STS Medical Group, which will be
run by Mr. Orsini, will pursue a strategy to acquire additional
businesses that provide products and services to surgical theaters,
with SKP acting as the cornerstone acquisition for the group.
"SKP is a successful international medical products business
with an over 30-year history of high-quality manufacturing, and our
primary goal is to continue to meet the growing needs of SKP's
existing customer base. Moreover, the Company provides an
ideal platform for STS Medical Group to develop an innovative
player in the surgical theater solutions market," said Mr. Orsini,
who is also a major shareholder of AEM Biotech Srl, a healthcare
investment and consulting firm. "Building on SKP's strong
operational capabilities, we believe that we can pursue a strategy
of aggressive international growth."
"MCP's objective is to utilize our significant experience
investing in the health care sector, as well as our considerable
financial resources, to build a dynamic and rapidly growing
competitor in the surgical interventions sector," commented
Peter Laino, Partner at MCP. "We
believe that Augusto Orsini is the
ideal partner to execute this strategy with us and that there are
numerous opportunities to increase the value of SKP itself, as well
as generate synergies from additional future acquisitions at the
STS Medical Group level."
About Monitor Clipper Partners
MCP was formed in 1998 in partnership with the Monitor Group
("Monitor"), a leading international strategy consulting firm
founded in 1983 with approximately 1,000 professionals in 29
offices worldwide. MCP targets growth-oriented businesses with
strong management teams that can benefit from the firm's unique
capabilities and proprietary relationship with Monitor to generate
superior risk-adjusted private equity returns in management buyouts
and late-stage growth equity investments. With offices in
Boston and Zurich, MCP currently manages over
US$2.0 billion of capital in
North America and Western Europe.
SOURCE Monitor Clipper Partners