Luther advises Allistro on the sale of MIDES to Medisolve

By advising on this transaction, Luther is strengthening Europe’s position as a hub for medical technology. Graz-based MIDES Healthcare Technology GmbH specialises in the repair, maintenance and refurbishment of medical technology. The company operates across much of Europe and focuses in particular on the markets in Germany, Austria and Switzerland.

Medisolve is a leading European provider of maintenance and integrated services for biomedical devices and is owned by H.I.G. Capital. With the acquisition of MIDES, the Italian company is strengthening its presence in the DACH region and further expanding its European operations. MIDES is set to bolster Medisolve’s laboratory platform in future and act as the group’s European centre of innovation for complex repairs.

A Luther team led by Dr Andreas Kloyer and Dr Thorsten Becker advised Allistro on all legal aspects of the transaction and coordinated the advice across the relevant jurisdictions.

Dr Dirk Neukirchen (Managing Director of Allistro) said: “With Luther, we had a team at our side that not only handled the transaction with great legal expertise but also demonstrated a keen understanding of our strategic objectives. The collaboration across the relevant jurisdictions was at all times efficient, solution-oriented and based on trust. We would like to thank the team led by Dr Andreas Kloyer and Dr Thorsten Becker for their outstanding support during this important step for MIDES.”

The acquisition forms part of Medisolve’s growth strategy, which combines organic growth with targeted acquisitions. The aim is to drive forward the consolidation of the European market for services relating to biomedical devices, which has been highly fragmented to date. Following the acquisition, Medisolve will generate a turnover of more than 200 million euros, employ over 1,000 staff and operate in Italy, Germany, Austria, Spain and Portugal.

About Allistro:

Allistro is an investment company founded by entrepreneurs from the SME sector and based in Frankfurt am Main. The company makes long-term investments in innovative SMEs in Germany, Austria and Switzerland. Its focus is particularly on succession planning and growth financing. As an active shareholder, Allistro supports its portfolio companies in their strategic and operational development.

About MIDES:

MIDES Healthcare Technology GmbH, headquartered in Graz, is a European platform for the repair, maintenance and refurbishment of medical devices. The company operates in numerous European countries and has a particularly strong market presence in Germany, Austria and Switzerland.

About Medisolve:

Medisolve is a leading European provider of maintenance and integrated services for biomedical equipment. The company operates in Italy, Germany, Austria, Spain and Portugal. Medisolve is owned by H.I.G. Capital, an internationally active US investment firm with assets under management of US$74 billion.

For Allistro:

Luther, Corporate/M&A: Dr Andreas Kloyer (Partner, lead), Dr Thorsten Becker (Partner, lead), Felix Werner (Senior Associate), Lida Karra (Associate), Victoria Ehrensperger (Associate)

Luther, ACR – Antitrust, Competition & Regulatory: Dr Sebastian Felix Janka, LL.M. (Partner), Sabrina Aurnhammer (Associate)