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NORD Holding Unternehmensbeteiligungsgesellschaft mbH (“NORD Holding”) has sold its majority stake in hg medical, a leading contract manufacturer of high-quality orthopedic implants, to Astorg Mid-Cap (“Astorg”).

hg medical is a leading provider of high-quality orthopedic implants with a focus on lower extremities, upper extremities and the spine. With ultra-modern facilities in Germany and the USA, the company differentiates itself as a leading provider in the extremities segment. The comprehensive range of services is geared to the constantly changing needs of customers and includes design and development, prototyping, validation and production of complex and high-quality implants.

The company works closely with doctors and clinics to ensure that the implants meet patient care requirements. hg medical's excellent reputation is based on comprehensive technical know-how, high-quality manufacturing and outstanding customer service. Thanks to partnerships with fast-growing challenger and blue-chip OEMs and strong customer orientation, hg medical has achieved exceptional growth over the last 16 years.

With the takeover of hg medical by NORD Holding in 2020, hg medical, led by CEO and founder Johannes Hagenmeyer, COO Craig Blütt and CFO Jürgen Steffensen, was positioned as a leading global company in the orthopedic implant market.

Andre Seidel, partner at NORD Holding, explains: “We are very proud and impressed by hg medical's development in recent years. NORD Holding's healthcare team, NORD Holding's operations team and management have taken hg medical to the next level by improving financial transparency, optimising processes and increasing production capacity for future growth. We are also very satisfied because hg medical was one of our first investments based on our dedicated investment approach in healthcare.”

In view of the increasing demand for orthopedic implants worldwide, hg medical is very well positioned to continue its growth path and maintain its position as a leading provider in the industry. Astorg's investment will enable the company to further expand its capacity and range of services to meet the growing demand for outsourced manufacturing in the orthopedic sector.

NORD Holding was advised by TD Cowen (M&A), Milbank (Legal), Alvarez & Marsal (Commercial), Deloitte (Financial), Flick Gocke Schaumburg and Alvarez & Marsal (Taxes) and TAUW (ESG).

About hg medical

hg medical, based in Raisting, Germany, is a leading contract manufacturer of high-quality orthopedic implants with a focus on lower extremities, upper extremities and in the area of the spine. hg medical's customers develop products that improve the quality of life of many patients worldwide. hg medical helps them to successfully implement their ideas in a competitive environment.

For more information, see: www.. hg-medical.de

About Astorg

Astorg is a European private equity firm with over €20 billion in assets under management Astorg works with entrepreneurs and management teams to acquire market-leading, global companies headquartered in Europe, providing them with the strategic leadership, corporate governance and capital they need to achieve their growth goals. Astorg has a distinctive entrepreneurial culture, long-term shareholder perspective and a lean decision-making body. Astorg has valuable industry expertise in healthcare, software and technology, business services, and technology-based industrial companies. The offices are located in London, Paris, New York, Frankfurt, Milan and Luxembourg.