EQT exits blood transfusion company
European private equity firm EQT Partners has exited the blood transfusion unit of Swedish medical technology company Gambro to leading Japanese medical group Terumo Co., for $2.6 billion.
After the share transfers, the Japanese medical group will boost it position to the fifth largest player in the space, according to a press release.
In 2006, EQT acquired 100% of the share capital of Gambro with its jointly owned holding company Indap AB, for undisclosed sum. EQT controlled a 51% stake while Indap AB owned the remaining 49%. Since the private equity group took over Gamro, the company’s business has divided into independent entities, including dialysis specialist Gambro, blood technology specialist CaridianBCT and clinics business Gambro Healthcare, which was sold in 2007.
EQT spokesman Johan Hähnel said publicly, “During our ownership CaridianBCT has strengthened its position as a global leader within apheresis for blood collection and therapeutic purposes, while also investing heavily in technologies of the future.” He added that the firm was satisfied with the results and can now divest a company, which is significantly larger and stronger than when it was acquired.
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