31.07.2023 / Deals & Cases

Deal: IK Partners sells Klingel Medical Group to Elos Medtech AB

Wenger Vieli advised IK Partners on all Swiss legal aspects of the sale of Klingel Medical Group, one of the leading manufacturers of metal products for medical technology. The purchase price corresponds to an enterprise value of EUR 370 million. The closing of the transaction is subject to certain regulatory approvals and the successful completion of a rights issue to finance the acquisition. The entire sale process was led by our colleagues at Renzenbrink & Partner, who had the overall lead of the transaction.

Klingel Medical Group is a leading manufacturer and specialist in the production of metal products for the medical technology sector. Together with its partner companies, Klingel Medical Group employs around 900 employees in Germany and Switzerland.

The acquisition strengthens the market position of Elos Medtech, a leading development and production partner for medical devices and components.

The team was led by Marc Walter (Partner, Corporate/M&A), Barbara Brauchli Rohrer (Partner,Tax) and Kevin Vangehr (Associate, Corporate/M&A) and included, Claudia Keller (Partner, IP/IT) , Marcel Boller (Counsel, Life Sciences), Jonas Bühlmann (Counsel, Tax), Sabine Taxer (Senior Associate, Employment) and Yannic Lütolf (Associate, Real Estate).