The long-term partnership between Otto Bock HealthCare GmbH (aka Ottobock) and Swedish private equity firm EQT, Stockholm, Sweden, that was announced on June 24 will move forward as all contingent regulatory requirements involved in the closing have been fulfilled. EQT will hold a 20 percent share in Otto Bock HealthCare GmbH. Otto Bock Holding GmbH & Co. KG, which is in 100 percent ownership of the Näder family, will retain an 80 percent share in the company. As part of the closing, Otto Bock HealthCare GmbH concluded a new financing arrangement.
“Our strategy is to now pursue sustainable, profitable growth at an even faster rate. The partnership with EQT is a forward-looking step that will enable us to achieve this goal even quicker, thanks to the expertise and financial leeway we have gained,” said Hans Georg Näder, president and CEO of Ottobock.
“We have established a promising partnership and are contributing our wide-ranging expertise in the field of medical technology and in potential areas for value enhancement as a strategic partner,” said Marcus Brennecke, partner at EQT Partners.