Sale of Arrotek Medical Ltd.
Pegasus Capital has advised Arrotek Medical Ltd. (“Arrotek Medical”) on its sale to Theragenics Corp. Arrotek Medical is a specialist contract development and manufacturing organisation (“CDMO”) based in Collooney, Co. Sligo. Established in 2005, the business focuses on high-end CDMO solutions for minimally invasive catheter-based medical devices. US based Theragenics Corp. is a global supplier of access and procedure medical devices for a range of interventional and endovascular procedures, and is backed by private equity fund Juniper Investments. The addition of Arrotek Medical’s product development capabilities will allow the combined group to better serve existing customers, to address a wider segment of the interventional procedures market and to serve new markets in Europe.
Terms: Not disclosed