CDMO
Participations
Palex
MedTech Distributor
Investment date : 2024
Vehicle : NiXEN CO INVEST 6
Operation type : LBO
Founded in 1955 and headquartered in Barcelona, Palex is the leading independent MedTech solutions provider in Southern Europe, focused on the marketing, sales and logistics of high value-added MedTech equipment for public and private hospitals and laboratories in Spain, Portugal and Italy. The Company has a strong reputation for innovation, quality and service and offers a wide product portfolio of over 150,000 product references from 600+ world-leading tier-1 manufacturers.
NiXEN has decided to participate in this operation as a co-investor alongside Fremman, who is increasing its stake in Palex in order to support the management team in the next stages of the company's development notably through acquisitions in Portugal and France.
"We’re incredibly excited to continue our partnership with Fremman and to have secured the backing of Apax as a joint-lead investor for the next phase of our growth journey. Since 2007, the current management team has built Palex into a leading business that is trusted by the healthcare community, and I’m proud of our relentless focus on innovation, quality, and trust. We are very happy with the support that we have received, and will continue receiving from Fremman, which has allowed the Company to make the jump to become the leading provider of medical technology solutions in Southern Europe."
Xavier Carbonell, CEO of Palex
(Source: Fremman)