Naxicap Partners has acquired majority stake in the Lagarrigue Group, a Toulouse headquartered, global specialist in external orthopedic devices and in the design and manufacture of large-scale orthopedic devices for the treatment of disabilities, from Ardian, a private investment house.
Alain Montean and Jean-Pierre Mahé, respectively CEO and chairman of the Lagarrigue Group, stated, “The last five years with Ardian have enabled us to accelerate the transformation of our company while continuing to capitalize on the group’s values and the fundamentals of our model. Thanks to its network and resources, the Ardian Expansion team has allowed us to take a key step in our international development. Lagarrigue is now a recognized global player in its sector. We are better positioned than ever to benefit from new opportunities that are opening up for us.”
Marie Arnaud-Battandier, managing director in the Ardian Expansion team, commented, “We were proud to work alongside the Lagarrigue team. They have once again demonstrated all qualities necessary to innovate and grow their company to give it the place it deserves in its market. Lagarrigue’s growth potential is still significant and the group’s unique position as well as resilience provides it with a decisive advantage in the coming years, particularly with the ongoing market consolidation.”
“We are thrilled to announce the acquisition of a majority stake in Lagarrigue alongside Jean-Pierre Mahé, Alain Montean, Nathalie Barracetti and their teams,” said Luc Bertholat, member of the management board of Naxicap Partners. “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,”