Ardian, a private investment house, has arranged a unitranche facility with the participation of a wholly-owned subsidiary division of Caisse de dépôt et placement du Québec, a global investment group, to support the investment of Naxicap Partners in Lagarrigue, a global specialist in large scale external orthopedic devices for the treatment of disabilities, alongside the company’s management.

Jean-Pierre Mahé and Alain Montean, respectively Chairman and CEO of the Lagarrigue Group, stated, “The last five years have enabled us to accelerate the transformation of our company. In partnership with Naxicap, whom we thank for their trust, we will keep capitalizing on the Group’s values and the fundamentals of our model in order to consolidate our market and enter new geographies. We are glad to carry on our adventure with Ardian, on the financing side this time, and CDPQ around the table, and we know they will continue to be trusted partners for the Group.”

“We are thrilled to announce the acquisition of a majority stake in Lagarrigue alongside Jean-Pierre Mahé, Alain Montean, Nathalie Baracetti and their teams,” said Luc Bertholat, Member of the Board of Naxicap Partners, and his team. “The Group’s expertise, its global positioning and the values of its management team make it a rare investment opportunity and a highly motivating challenge.”

Grégory Pernot, managing director in the private debt team at Ardian commented, “We are very pleased to be involved in this new chapter of Lagarrigue’s development, which has showcased an impressive historical growth both organically and via acquisitions, thanks to the excellent quality of its management team. We thank Naxicap and Lagarrigue for their trust and are eager to prove once more that Ardian is a valuable long-term partner.”