H.I.G Europe Acquires Meyra Group and Alu Rehab to Expand Presence in Rehabilitation and Orthopedic Medical Devices

On November 8, 2019, VCBeat (WeChat ID: vcbeat) learned from foreign media reports that private equity firm H.I.G. Europe announced the acquisition of medical device companies Meyra Group and Alu Rehab. No financial terms of the transaction were disclosed. Upon completion of the acquisition, Meyra Group and Alu Rehab will be merged into a single entity.

Meyra Group, established in 1988 and headquartered in Łódź, Poland, is a medical device company. The company primarily focuses on developing innovative equipment for rehabilitation therapy and the treatment of orthopedic conditions to help patients regain their health. Meyra Group employs over 550 people and operates 12 subsidiaries. Currently, the company conducts business across multiple European countries and regions, with its products exported to more than 70 countries worldwide.

Meyra Group, founded by Dr. Tomasz Perner, primarily serves customers in Western, Central, and Eastern Europe, as well as the Russian Federation. Its home care products, rehabilitation aids, and non-invasive orthopedic devices enjoy a strong reputation in the markets of Germany, Poland, Denmark, the Czech Republic, and other countries.

Following its acquisition by H.I.G. Europe, Meyra Group will further expand its scale, broaden its medical device market presence, and consolidate its leadership position in the international arena. Meanwhile, the company plans to acquire medical device manufacturers and distributors in Western Europe and implement an aggressive sales development strategy.

Alu Rehab, established in 1989 and headquartered in Denmark, is a medical device developer specializing in wheelchair manufacturing. With three decades of experience in wheelchair design and production, the company is dedicated to providing users with high-quality, comfortable wheelchairs and accessories. By collaborating with users, therapists, physicians, engineers, and designers, Alu Rehab develops wheelchairs that are user-centric, functionally advanced, and aesthetically sophisticated. The company’s wheelchairs come with numerous adjustment options and accessories to ensure satisfaction for every user.

H.I.G Europe, established in 2006 and headquartered in London, United Kingdom, is a private equity firm and the European affiliate of H.I.G Capital. Founded in 1993 and headquartered in Miami, Florida, USA, H.I.G Capital is a global private equity and alternative asset investment firm focused on the small and mid-cap market segments. The firm manages $31 billion in assets, employs over 350 investment professionals, and maintains offices in New York, Boston, Los Angeles, and Atlanta.

H.I.G Europe is dedicated to investing in a diverse range of industries across Europe and driving industrial development. The firm’s team comprises 40 investment professionals based in London, Hamburg, Luxembourg, Madrid, Milan, and Paris, and has been honored with the European Private Equity and Venture Capital Association (EVCA) Fund of the Year Award. Currently, H.I.G Europe manages over €2 billion in assets.

(Compiled by Xu Xiaoxue)