Deal of the month: Clairfield International advises Sterimed on the acquisition of Grupo EEE in Mexico

 

Sterimed, one of the world’s most important medical packaging companies, completed the acquisition of Especialistas en Esterilizacion y Envase (Grupo EEE), a major Latin American player in sterilization packaging, and infection-prevention solutions. The joined forces of Sterimed and Grupo EEE will generate significant synergies, notably by cross-fertilizing their respective networks in hospital-sterilization supplies in Latin America. For Sterimed, an increased industrial presence and sales and distribution footprint in North America will allow the company to offer a larger and more competitive range of products and closer converting services to its medical device customers and hospitals in North and South America. For EEE, the access to the Sterisheet® worldwide distribution network will allow accelerated development of its sales notably outside of Latin America.

Headquartered in France and backed by Meeschaert Private Equity, Sterimed is one of the world leaders in the medical packaging industry. It manufactures and sells medical packaging substrates and infection prevention solutions globally through five manufacturing sites and eight sales offices on all continents.

Clairfield was brought into the transaction by Meeschaert following a first attempt to acquire Grupo EEE in 2017. Once critical elements were established – the valuation and the future role of the family, who maintained a minority stake in EEE – transaction negotiations prospered to the satisfaction of all parties.

This transaction highlights Clairfield’s skills not only with sector expertise, but also with family businesses, private equity imperatives, and complicated crossborder transactions.

Deal team: Olivier LeGrelle, Thierry Chetrit (France); Pablo Cervantes, Gerardo Godard (Mexico)

Read more here: Deal of the month Sterimed