Deal Overview
- Advised Mobeus and Management
- Long-term approach
- Private equity-backed acquirer
SteriPack Group (“SteriPack”), a leading global contract manufacturer serving the medical device, pharmaceutical, and diagnostic markets, has acquired Kinneir Dufort (KD), a Bristol UK based, user-centered design and product development firm. SteriPack is backed by Inflexion, a leading London-based private equity house.
The addition of KD geographically expands SteriPack’s design, development, human factors research & engineering capabilities creating a European R&D Centre of Excellence.
Globally, SteriPack now has over 150 specialist staff dedicated to medical device and life science product design and development, providing an integrated and holistic service from product origination through to volume manufacturing.
The deal marks the end of a successful investment for Mobeus, generating a 2.8x money multiple and 28% IRR following their investment in KD in 2016.
For more information, see: https://tinyurl.com/3rpm4h9t