E-Spring, a corporate finance advisory firm dedicated to mid-cap companies, is pleased to announce the closing of the sale of Boucart Medical to Albyn Medical.
Albyn Medical S.L., part of Creo Medical Group plc, has acquired Boucart Medical, the largest independent supplier of gastrointestinal (“GI”) endoscopy consumables in Belgium and Luxembourg. This transaction allows Albyn Medical to extend its European footprint.
With this operation, Boucart Medical will benefit from the commercial and distribution platform of Albyn Medical to better serve its customers. Brigitte Boucart, CEO of Boucart Medical, commented: “I am delighted to pass on the baton to Luis Collantes, CEO of Albyn Medical. I know Albyn Medical for years and I am sure that the company is in good hands. Boucart and Albyn have a lot in common with a clear focus on customer’s needs.”
Following this acquisition, Albyn Medical now has a direct sales presence in the key markets of Spain, France, German, the UK, the USA, Belgium and Luxembourg providing Creo with a strong commercial platform to facilitate the roll-out of its full suite of CE marked GI advanced energy devices. Luis Collantes, Albyn Medical President, said: “Boucart Medical is a natural fit with the Albyn Medical offering and neatly complements our established European footprint.”
Brigitte Boucart, founder of Boucart Medical, entitled E-Spring as financial advisor to conduct this operation. She said : “We are extremely pleased with the support provided by E-Spring during the whole deal process. Their deep understanding and commitment lead to a successful transaction. I am convinced that Albyn Medical is the best partner to continue what I have started 30 years ago.”
Boucart Medical worked with the law firm Simont Braun (M. Axel Maeterlinck) for legal and contractual aspects.
About Boucart Medical
Boucart Medical, founded in 1991 by Brigitte Boucart, is the largest independent supplier of gastrointestinal (“GI”) endoscopy consumables in Belgium and Luxembourg. The company is a well-established supplier of medical devices and distributes third-party products to hospitals for more than 30 suppliers.
About Albyn Medical
Albyn Medical, founded in 1985, is one of the largest suppliers manufacturer and supplier of systems and consumables for Urology, Gynaecology, and Gastroenterology in Europe. Founded and originally based in Scotland, their headquarters are now based in Spain, where they have a dedicated production & distribution facility, and research & development centre.
About Creo Medical Group
Creo Medical, founded in 2003, is a UK company specializing in medical devices. The firm focuses on the field of surgical endoscopy, though the development and commercialisation of minimally invasive surgical instruments, initially in the field of gastrointestinal (GI) surgery and lung cancer. Creo Medical Group is listed on the LON stock exchange. For more information about the transaction, please see the official press release.