Lima Corporate announced EQT, a global private equity group, has acquired the majority of the shares of the company shares. In certain European jurisdictions, the agreement is subject to regulatory approval.
According to a press release, since Ardian, the previous owner, took ownership of Lima, Lima has launched innovative products including implants for extremities and knee. Lima successfully acquired the ZUK unicompartmental knee, now formally known as Physica ZUK, the Discovery Total Elbow System for European Economic Area, Switzerland and Japan, as well as the Vanguard Complete Knee System for Denmark and Sweden with the European Economic Area acquiring non-exclusive rights for Vanguard’s technology.
Lima has signed key partnerships to support its surgeons worldwide with auxiliary devices, as noted in the press release.
“I have to thank all the people that have believed in Lima Corporate, from our board to our shareholders to our surgeons and our employees,” Luigi Ferrari, CEO of Lima Corporate, said in the press release. “By working together, we are confident to continue to provide surgeons and their patients the most effective and safest implant technology on the market today.”
Lima’s success is all due to its 750 employees worldwide. Within the past 3 years, the company added 30% more employees and added new subsidiaries with ones in South Korea, Denmark, South Africa, Turkey and Belgium among the most recent.
“EQT has followed Lima for almost 10 years and we are impressed by the company’s growth history as well as the strength of the management team,” Michael Bauer, partner at EQT Partners AG, investment advisor to EQT, said in the press release. “We are now keen to support Lima in its next phase of development. Lima is well-positioned for future growth and we are convinced it can be accelerated by leveraging our industrial network and resources. We look forward to working with the management team to achieve the full potential of Lima.”