Horten advised the founding Lauritsen family and INVL Baltic Sea Growth Fund, the leading private equity fund in the Baltics, on the sale of a majority stake in the MBL Group, a leading European contract development and manufacturing organisation (“CDMO”) for assisted mobility, rehabilitation and aged care equipment.
As part of the transaction, INVL sold its entire stake, while the second generation of the founding family reinvested a significant amount, meaning that MBL will remain a family-run business led by its current management team.
Founded in Denmark in 1988, MBL has grown into the largest European CDMO dedicated to medical mobility devices, including wheelchair components, rollators, aged-care beds, power add-on devices and other rehabilitation equipment, employing app. 1,700 employees across Denmark, Poland and China.
With the sale of a majority stake to MidEuropa, a leading European private equity investor with deep roots in Central Europe and a track record spanning over 25 years, the MBL Group can look forward to being supported in further improving its services and investing into more capacity, innovation and sustainability thus continuing its journey towards becoming a global leader in its field.
Horten’s team consisted of Lars Lüneborg, Peter Helbo Langsted, Anne Streefkerk, Morten Brun Winkelmann and Henrik Stig Lauritsen.