The largest private equity investment fund in the Baltic region, INVL Baltic Sea Growth Fund, has completed the acquisition of a stake in the MBL Group, a leading European manufacturer of medical mobility devices, headquartered in Denmark. A refinancing of the MBL Group was carried out in connection with the sale.
As a result of this deal, the Fund has indirectly acquired 48% of the MBL Group while the remaining 52% continues to be owned by the founding Lauritsen family.
The MBL Group had sales of €66 million in 2019 and specializes in the production of wheelchairs, rollators, aged care beds and other rehabilitation equipment. Its head office is in Denmark, with manufacturing facilities located in Poland and China.
Horten has advised on all legal aspects of the process. The team was led by Lars Lüneborg and assisted by Mikkel Primdal Kæregaard, Frans Rossen, Frederik Vest-Maagensen, Jonas Eigil Nielsen and Hans Glent Abildgaard.
Read more about the transaction here.