Advisers to medical device specialist, Clinical Innovations, on its acquisition of leading obstetrics distributor, JB Medical Supplies.
Advisers to medical device specialist, Clinical Innovations, on its acquisition of leading obstetrics distributor, JB Medical Supplies.
We’re pleased to have acted as lead Corporate Finance adviser to Clinical Innovations on its acquisition of JB Medical Supplies, a leading obstetrics distributor, based in Brisbane, Australia.
Clinical Innovations is one of the largest medical device companies exclusively focused on pregnancy, labour and the neonatal intensive care unit and is a portfolio company of Swedish investor, EQT. EQT has a focus on investments in European, Asian and US-based companies with leading positions in the manufactured products, services and healthcare sectors.
Our Corporate Finance team, led by Partner Gary Partridge and Director Thomas Edwards, supported the Clinical Innovations team for the second time in 12 months following its support on the purchase of Munich-based, Brenner Medical.
This deal strengthens Clinical Innovations’ position in the Australian marketplace and supports the American company’s broader global growth strategy.
Gary Partridge, Partner at FRP Corporate Finance, said: “We worked across multiple time zones to get this transaction across the line in record-time. We hope to build upon our work with Clinical Innovations to explore further strategic opportunities with them and draw upon our expertise in buy-side advice, often having a cross-border element with other similar acquisitive businesses.”